Ike Perlmutter Latest Celebrity News & Gossip

EXCLUSIVE: We understand that Marvel underwent a handful of layoffs Monday, with 15 employees impacted across Marvel Entertainment in New York and Marvel Studios in Burbank.

Todd Spangler NY Digital Editor Disney released the official vote counts from its 2024 meeting of shareholders held April 3 — in which investors decisively defeated a campaign by activist investor Nelson Peltz to win a seat on its board. According to the votes disclosed in an SEC filing Tuesday, nine of the Disney-backed director candidates received more than 90% of the shares voted in their favor.

Activist investor Nelson Peltz, reflecting on his losing proxy battle with Disney, says he will “watch and wait” to see if the company keeps its promises.

Scoring a big and costly win Wednesday against Nelson Peltz’s second attempt to get on the Disney board, Bob Iger was both gracious and a little biting in victory.

Disney has succeeded in barring Nelson Peltz from its board of directors as shareholders at the company’s hotly anticipated annual meeting today voted for the company’s slate of 12 nominees. It was a months-long bitter and costly fight.

Disney may have nudged Nelson Peltz farther from its board as giant BlackRock is said to be backing the company’s slate of directors. The firm is Disney’s second-largest shareholder at about 4.2%.

Around 100 hours before the deadline for all Disney shareholders to cast their ballots in the acrid board clash between the Mouse House and activist investor Nelson Peltz, one of the country’s top pension funds just rolled its cannons onto the battlefield.

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.

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.  

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.”

After skidding to multi-year lows in late-2023, Disney stock has rebounded more than 20% thus far in 2024 as two activist investment firms have launched a proxy fight.

Todd Spangler NY Digital Editor Nelson Peltz, the activist investor who runs hedge fund Trian Partners, believes urgent change is needed at Disney. He’s waging a proxy-fight battle to install himself and ex-Disney CFO Jay Rasulo as directors, a vote that will go up at Disney’s 2024 annual shareholders meeting April 3. What does Trian want? “Fundamentally and crudely, we want the stock to go up,” Peltz says in a video on Trian’s Disney proxy-fight site.

Activist Disney investor Nelson Peltz, whose Trian Capital is at war with CEO Bob Iger, blasted the company’s spree of earning-timed announcements last week as “spaghetti against the wall.” He also guaranteed victory in the proxy fight.

The Trian Group’s Nelson Peltz has formally asked Disney shareholders to elect himself, as well as former Disney executive Jay Rasulo, to the company’s board of directors at the annual meeting this spring.

Disney CEO Bob Iger’s compensation totaled about $31.6 million for the company fiscal year ended Sept. 30. It includes most of the year. Iger returned to lead Disney in November of 2022.

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.

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.

Disney today announced a cash dividend of $0.30 per share for the second half of its fiscal 2023, its first such payout since the dividend was halted three years ago during Covid.

Todd Spangler NY Digital Editor After activist investor Nelson Peltz announced his intention to renew his proxy battle to secure seats on Disney’s board, the company responded by alleging former Marvel Entertainment chairman Ike Perlmutter — who is in league with Peltz’s Trian Fund Management — has a personal grudge against Disney chief Bob Iger. In a statement responding to Trian’s announcement, Disney said that Perlmutter “was terminated from his employment by Disney earlier this year and has voiced his longstanding personal agenda against Disney’s CEO, Robert A.

Todd Spangler NY Digital Editor Nelson Peltz is renewing his fight to shake up Disney‘s board. Peltz’s Trian Fund Management investment firm, which owns about $3 billion in Disney stock, issued a statement Thursday that after the Mouse House’s board rejected Trian’s request for board seats, the hedge fund will “take our case for change directly to shareholders.” Trian is seeking two seats on Disney’s board, CNBC reported.

The Walt Disney Co. has added former Group CEO of Sky Jeremy Darroch and Morgan Stanley CEO James Gorman to its board of directors and said Francis A. deSouza plans to surrender his seat at the end of his term.

https://t.co/qaWi807zBR“My final statement as ESPN Spokesperson: “43 Amazing Years. Wow.

introduced in February by CEO Bob Iger, indicating that a third and final round of the layoffs is expected to bring them to that mark before the summer. “These are hard decisions and not ones we take lightly — but every decision has been made with considerable thought,” Walden and Bergman said in the memo.

Isaac Perlmutter’s time at Disney had run its course and the former Marvel Entertainment chairman’s removal “was a necessary step in the direction of us creating a more efficient company,” CEO Bob Iger said. He said the decision was not due to Perlmutter’s support of activist investor Nelson Peltz.

Ike Perlmutter, who is generally someone who keeps a low profile, has made a rare public show of his dissatisfaction with Disney.

ABC News underwent a round of staff reductions on Thursday, with about 50 positions impacted as part of parent Walt Disney Co.’s companywide cuts.

A Disney spokesperson has confirmed to Deadline that Ike Perlmutter is out at the company. Note, Permutter oversaw the consumer products division of Marvel, and isn’t part of the Kevin Feige-led Marvel Studios.

Superhero films sure do love a multiverse story, right? So, let’s take a cue from film studios and venture into the multiverse and take a look at a bizarro world where up is down, left is right, and DC Films has reached the heights of Marvel Studios. How did this crazy world come to existence? Well, this is what would have happened if Kevin Feige jumped ship and left Marvel Studios several years ago and helped craft the DC Film universe, which is something that could have happened, apparently.

Bob Chapek, the Disney CEO who is under siege, hopefully does not watch much TV. If he does, he’ll see a succession of fellow CEOs who seem prone to self-destruction — Adam Neumann of WeWork, Travis Kalanick of Uber, Elizabeth Holmes of Theranos, etc. — portrayed on buzzy TV series. Viewing these shows back to back, the stolid Chapek might wonder whether the CEO is extinct as a folk hero.

It came after Disney's Ike Perlmutter reportedly said he didn't believe that anyone would go to a female-starring superhero movie