SPOILER ALERT: This post contains details of Marvel‘s Echo, which debuts with all five episodes today on Disney+ & Hulu.
21.12.2023 - 20:09 / deadline.com
James Gorman, CEO of Morgan Stanley and soon to be a member of Disney‘s board of directors, is not fazed by the possibility of the media giant going through a proxy fight.
During a lengthy sit-down with CNBC, the exec acknowledged that a battle is brewing with activist investor Nelson Peltz, whose investment firm nominated him along with ex-Disney CFO James Rasulo for board seats. The duo are co-ordinating their efforts with Ike Perlmutter, the former head of Marvel.
Disney said a board committee will consider those applications ahead of the annual shareholder meeting, but it has been critical of Perlmutter for having a “longstanding personal agenda” against the company due to his dismissal by CEO Bob Iger. Shareholders will elect board members in early 2024 at the meeting, whose date has not yet been announced.
“That’s all right,” Gorman shrugged about the skirmish between Disney and the activist investors. “You know, we have had a lot of battles in my life. That doesn’t bother me one little bit. I think the, you know, the challenge is to set up the conditions where the board has choices with talented candidates who are properly vetted for all the stresses these jobs have.”
Gorman also confirmed he will join the succession committee of the Disney board, which has been convened to pick CEO Bob Iger’s successor. The process has gone awry several times at Disney over the past two decades, giving the otherwise esteemed blue-chip company a notable blemish in the eyes of investors. Iger recently re-upped through the end of 2026 and has insisted the succession process is a top priority. The CEO also said last month that he would leave at the end of his contract, contrary to speculation that he would again re-up.
Overseeing
SPOILER ALERT: This post contains details of Marvel‘s Echo, which debuts with all five episodes today on Disney+ & Hulu.
Pat McAfee is standing firm on his claims that an ESPN executive was “trying to sabotage” his show.
Ruth Langsford has advised fans to 'remember' before apologising to one of her disgruntled fans. The presenter shared a relatable new video on social media in which she opened up about getting back to into her routine after the Christmas and New Year festivities.
Mr Bungle, has been arrested on suspicion of murdering his girlfriend.The musician – who was a founding member of the band – was arrested yesterday (January 2) after human remains of a person suspected to be his girlfriend Alice “Alyx” Kamakaokalani were found.As reported by local ABC affiliate KRCR, police in Capitola, California discovered the remains in a wooded area of a Berkeley park and later took Lengyel into custody without incident.The discovery comes after 54-year-old Kamakaokalani was reported missing, last seen on December 3, 2023, and an investigation into her disappearance was launched by the Capitola Police Department and El Cerrito Police Department.According to KRCR’s report, the police asserted that foul play was involved, and Lengyel was later identified by authorities as a suspect.DNA evidence has not yet confirmed whether or not the remains belong to Kamakaokalani.“The diligent work of our investigators, in coordination with our law enforcement partners, has led to the apprehension of Theobald Lengyel in connection with the tragic homicide of Alice Kamakaokalanil,” a Capitola police statement read (via Blabbermouth). “We extend our deepest condolences to the family and friends of the victim during this difficult time.”Lengyel and Kamakaokalani were previously married, and outlets such as Stereogum report that Lengyel had previously been investigated for domestic violence.
Disney Co. made a strategic move amid its proxy battle with Nelson Peltz by inking an “information sharing” deal with activist investor ValueAct Capital.
The Walt Disney Company has struck an agreement with ValueAct Capital Management, gaining the support of the activist investor for its board nominees at the crucial upcoming annual meeting.
The region’s enterprise agency has appointed two new board members.
EXCLUSIVE: With the 10th edition of the College Football Playoff set to cap off a high-rated season starting on New Year’s Day, Disney says advertising inventory is nearly sold out for the semifinals and championship.
Disney has taken another big step toward realigning its India strategy. The company has signed a non-binding term sheet with Reliance Industries that would see the two merge their Indian operations, the completion of which would create one of India’s biggest entertainment empires. The news was first reported by The Economic Times.
Drivers in Rochdale could be fined for "moving traffic offences" around the borough as part of a new scheme due to come into force by summer.
With Disney already in the midst of its “one-app” streamlining of Hulu and Disney+ in the U.S., it is also making a similar move in Latin America with Star+.
Mr. Bungle member Theo Brooks Lengyel has been named as a “person of interest” in a missing persons case.Lengyel was one of the founding members of the American experimental rock band that was formed in Eureka, California. He worked with the group from 1985 until 1996 and played various instruments including saxophone, clarinet and keyboards.
EXCLUSIVE: Two months after Julia Ormond sued CAA, Disney and Harvey Weinstein for negligence, breach of fiduciary duty, battery and more over a 1995 sexual assault by the now incarcerated Pulp Fiction EP, the uberagency and the Bob Iger-led corporation say they shouldn’t be a part of the suit and want out.
The Producers Guild of America announced today that Charles D. King will be honored with the 2024 Milestone Award, citing “his immeasurable contribution to the film industry.” King will accept the award at the 35th Annual Producers Guild Awards on Sunday, February 25.
Vogue reported, and now have two children.The Kives, Bezos and Sanchez vacationed jointly in 2019 just after news of the Amazon founder’s affair with Sanchez broke.Sherrill, a Hollywood skincare expert who goes by Nurse Jamie, has worked with stars like Kyle Richards, Paris Hilton and Khloe Kardashian — and like Sanchez has a TV career. She owns the Santa Monica medical spa Beauty Park and is the producer of her Netflix plastic surgery show “Skin Decision.”The 51-year-old mom of triplets also has a line of anti-aging skincare products and beauty tools.Sanchez’s younger sister Elena Sanchez Blair, 41, keeps a much lower profile than her older sibling.
Change is, finally, stirring at Manchester United.
Fuel keeps being added to the fire of those proposal rumors!
Disney has formally responded to activist shareholder Trian Fund Management’s unsolicited nominations of Trian chief Nelson Peltz and former Disney CFO James Rasulo to the media giant’s board of directors.
Todd Spangler NY Digital Editor Activist investor Nelson Peltz, who’s looking to shake up Disney‘s board, plans to nominate two directors as candidates for directors of the Mouse House’s board: Peltz himself, and former Disney CFO Jay Rasulo. Peltz’s Trian Fund Management said Thursday it submitted a notice of its intention to nominate the two independent director candidates at Disney’s 2024 annual shareholders meeting, expected to be held next spring.
EXCLUSIVE: Nadine Dorries was telling the truth when she accused BBC board member Robbie Gibb of meddling in a key appointment at the UK broadcaster’s regulator, Ofcom.