food IS a theme park
Bob Chapek’s removal, Bob Iger’s return, an investor lawsuit, and an upcoming proxy battle — the Walt Disney Company has had to face a number of critical issues lately.
Bob Chapek and Bob Iger©CNBC
From the outside, it can be difficult to know exactly what or when things happened. But now we’re pulling back the curtain and taking a look at just how the sausage got made — or in this case, how some of the biggest events in Disney’s recent corporate battles took place.
Things are getting complicated for the Walt Disney Company.
©Reuters
Former CEO Bob Chapek left not long ago and Bob Iger suddenly returned to his CEO role. Since that time, we’ve seen slight increases in stock values, drops in stock value, and an activist’s attempt to bid for a seat on the Board of Directors of the Walt Disney Company. Now, we’ve got an update on what’s going on.
There have recently been some big shake-ups when it comes to Disney leadership, but one group is pushing for even more changes, and their claims have started a proxy fight with Disney’s Board of Directors.
©Disney
The Trian Partners have nominated Nelson Peltz to be elected to Disney’s Board of Directors, but the current board does not endorse Peltz. So what exactly does Peltz want, and why doesn’t Disney want him on the Board? Let’s dig in. [Read more…]
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