Disney’s Stock Has Risen More Than 20% In 2024 With Proxy Fight Brewing; ValueAct Capital Reaffirms Support Of Bob Iger Ahead Of April 3 Shareholder Meeting

Proxy advisor Egan-Jones on Wednesday became the second independent firm to support activist Nelson Peltz‘s effort to secure seats on the Disney board.

Todd Spangler NY Digital Editor Nelson Peltz, the activist investor agitating to win two Disney board seats, criticized the company’s “woke” strategy — specifically questioning Marvel’s “Black Panther” and “The Marvels,” which featured Black and women leads, respectively. The 81-year-old Peltz, who has admitted he “never claimed” to have experience in the media business, made the comments about “The Marvels” and “Black Panther” in a recent interview with the Financial Times. “Why do I have to have a Marvel [movie] that’s all women?” Peltz asked rhetorically.

Nelson Peltz said today that his bitter proxy fight with Disney is “not about Mr. Iger, nor is it a referendum about his leadership” even as CNBC reported that his firm, Trian Partners, has withheld votes from the CEO, who is also a board nominee.

Todd Spangler NY Digital Editor UPDATED: Nelson Peltz claims Disney‘s board, not CEO Bob Iger, is the problem. But his investment firm, Trian Group, withheld its votes for Iger’s reelection to the Disney board. With just over a week before Disney’s annual shareholder meeting on April 3, Peltz’s Trian — which has been aggressively campaigning to get two seats on the Mouse House’s board — issued a new statement Monday saying the battle is not about any dispute with Iger but rather about forcing change on the board’s composition to boost the company’s financial returns.

The Hunger Games movies have left a lasting legacy on pop culture that we are still feeling in 2024!

Todd Spangler NY Digital Editor Michael Eisner, the former Disney CEO who exited the company in 2005, is the latest member of the extended Disneyverse to weigh in with support for current chief exec Bob Iger, who’s facing a proxy fight with activist investors including Nelson Peltz in a vote for board candidates at Disney’s April 3 annual shareholders meeting. “[I]n 1983, Disney was under attack by corporate raiders trying to take over the company,” Eisner wrote in a post on X, referring to the unsuccessful attempt by financier Saul Steinberg to stage a hostile takeover of the company.

Disney pushed back on a report today by leading proxy advisory firm ISS recommending shareholders vote activist investor Nelson Peltz to the board, and withhold votes for company board nominee Maria Elena Lagomasino.  

Todd Spangler NY Digital Editor Disney was handed a setback in its boardroom fight with activist investor Nelson Peltz after proxy-advisory firm Institutional Shareholder Services recommended that shareholders vote him onto the Mouse House’s board. ISS, whose recommendations are influential among institutional investors, cited Disney’s “failed” succession planning in the CEO role in its report backing Peltz, whose Trian Partners.

ISS, the most influential proxy advisory service, has recommended shareholders vote to put Trian’s Nelson Peltz on Disney’s board, saying the activist investor, “with his considerable experience on other boards and fiduciary duties owed to a large shareholding group, appears best positioned to bring a shareholder perspective to the board.”

Charis McGowan Before her ninth and final headlining show in Buenos Aires’ Movistar Arena last week, Argentine singer-rapper Nicki Nicole offered everyone in her dressing room a drink — of maté herbal tea. Speaking fast and eagerly (which she later apologized for), she said, “Ah, but if maté is too sour for you, you should try terere — you’d love that, it’s so refreshing!” This sort of dorky openness puts everyone around her at ease, earning her a reputation for being humble and approachable despite her status as one of Latin America’s most in-demand Gen-Z stars and singer-songwriters. Since releasing her third album “Alma” last May, Nicole has earned three RIAA-certified plaques for singles including “8 AM” with Young Miko, “Dispara***” with Milo J, and “que le pasa conmigo” with Rels B.

George Lucas is the latest to come out in support of Disney and CEO Bob Igert as the company wages a bitter proxy fight against activist investor Nelson Peltz, who is making a run for two seats on the company’s board.

Todd Spangler NY Digital Editor Star Wars mastermind George Lucas has come out with a statement in support of Disney‘s board and CEO Bob Iger, urging Mouse House shareholders to reject a bid by two activist investor groups to take seats on the media company’s board. “Creating magic is not for amateurs,” Lucas said in a statement released Tuesday. “When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my longtime admiration for its iconic brand and Bob Iger’s leadership.” Lucas continued, “When Bob recently returned to the company during a difficult time, I was relieved.

Todd Spangler NY Digital Editor Disney‘s current strategic direction under CEO Bob Iger got the thumbs-up from independent proxy voting and corporate governance advisory firm Glass Lewis, amid a campaign launched by two activist investor groups to win seats on the Mouse House’s board. Glass Lewis, in a March 18 report, recommended Disney shareholders vote for the Disney-selected 12 director nominees — and reject those put forward by Nelson Peltz‘s Trian Partners and another firm, Blackwells Capital — at the company’s annual meeting on April 3.

So many stars attended the 55th Annual NAACP Awards on Saturday evening (March 16) at the Shrine Auditorium and Expo Hall in Los Angeles.

Gerald Levin, known to many as Jerry, wasn’t flamboyant. He wasn’t characterized, as were many of his media business contemporaries, by extravagant hobbies, odd peccadillos, inspiring speeches or a spicy personal life. He could be testy, but he didn’t engage in public brawls beloved by – and between – Ted Turner and Rupert Murdoch.

Disney’s latest salvo in a proxy fight with activist investor Trian Fund Management highlights the firm’s “silent partner” Ike Perlmutter and his “difficult history with Bob Iger.”

Lionsgate CEO Jon Feltheimer recently picked up shares of the company on the open market and vice chair Michael Burns said today he thinks the purchase was spurred by a visit the set of the upcoming Michael Jackson biopic.

Disney shares were up 2% at mid-day Monday, extending their recent rally, as the company renewed its attacks on activist investor Nelson Peltz.

Jonathan Ross, the host of ITV's Oscars coverage, has faced a wave of criticism after making an awkward mistake about Cillian Murphy, who is from the Republic of Ireland. Despite the actor proudly speaking in Irish as he accepted his first- ever Oscar award, presenter Jonathan repeatedly referred to the Peaky Blinders star as British, much to the annoyance of viewers. Christopher Nolan's film Oppenheimer was the big winner at the Oscars, taking home seven awards.The movie, which tells the story of J Robert Oppenheimer, known as the father of the atomic bomb, won best picture.

Disney CEO Bob Iger called the proxy fight being waged by two activist investors a campaign that “is, in a way, designed to distract us, to take our eye off all [that’s] necessary to do what we need to do to generate returns for shareholders.”