Sponsored Content




Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups

NoVaMoMe 2024: 06/08/2024
Arlington, VA
Details to follow


Texas MoMe 2024: 10/18/2024-10/19/2024 Corsicana,TX
Contact Ben Had for info





















« Biden's Deep State Defenders Put Out New Official IC Lie That Chinese Spy Airships Were Always Over the US Under Trump | Main | CBS Proudly Presents a Full-On Satanic Rite at the Grammys, and Asks You to Praise Them For Their Bravery »
February 06, 2023

Is Woke Disney Spooked by Proxy Fight?

Disney is facing a proxy fight from activist investment group Trian. Trian buys up stocks in companies they believe are underperforming, then attempts to force one of their own on to the underperforming company's board of directors, then makes changes to deliver better returns for stock owners.

Reportedly, they've generally been successful in making companies more profitable.

Woke Disney is determined to sacrifice profit and shareholder value to pursue their "Not-So-Hidden Gay Agenda." So they are resisting Trian's attempt to install the group's founder and would-be inside man Nelson Peltz on to the board -- but Woke Disney, of course, doesn't want anything to change. They don't want any outsiders on the board, just Iger's handpicked yes-men. And Disney doesn't want to prioritize profit; they want to prioritize The Message, and if that results in the company and its shareholders losing money, oh well!

Disney is shrieking, "Ignore those profit-focused men who want to increase shareholder value! Stick with us and continue losing money but gaining Young Recruits to LGBT2IA!"

With Nelson Peltz angling for a seat on Disney’s board, the company on Thursday blasted the activist investor, his firm Trian Group, and his son, Matthew Peltz, whom Trian is proposing as a possible alternate candidate.

"The Disney Board of Directors does not endorse Nelson Peltz (or his son Matthew, who is running as an alternate Mr. Peltz may swap in) as a nominee, and believes the election of either Mr. Peltz or his son would threaten the strategic management of Disney during a period of important change in the media landscape," the company said today.

Disney shareholders will vote on the boad of directors at the next annual meeting. The event is usually in early March but may be delayed a bit this year. The company is proposing slate of 11 directors -- it used to be 12 until the retirement of former board chair Susan Arnold. Peltz has gotten himself added to the ballot and the battle, called a proxy fight, is heating up.

The 11 directors with the most votes win, so Peltz has to basically unseat one one Disney’s nominees and has targeted Michael Froman. He is citing Froman’s lack of board experience and urging shareholders to withhold support for Froman and vote for him instead.

Both Disney and Trian are sending all Disney shareholders voting cards with the full list of board candidates and their recommendations. Shareholders can use card either to vote.

Trian has set up a "Restore the Magic" website to explain their dissatisfaction with Disney, and to propose how they intend to fix it.

Note they do not address Disney's woke agenda.

I don't think they want to make this into some kind of political fight.

But surely they've noticed Disney's woke agenda. And surely many of the shareholders have as well.

And many of them have noticed that Disney's share value has fallen by almost half the past year.

In his letter, posted to his website Restore the Magic, Trian targets Disney's board, calling out its declining stock price and earnings per share over the past year, as well as its decision to cancel dividends.

Trying to win over the shareholders, Peltz -- who is worth $1.4billion and currently owns 0.5 percent of Disney through his firm Trian Partners -- writes that 'earnings per share have declined an astounding 50 percent since 2019 because costs have ballooned, even as Disney generated 41 percent more in revenue.'

At the same time, he said, the share price has plummeted 44 percent in 2022.

'For a company with so many advantages -- unparalleled consumer loyalty and access, valuable intellectual property, renowned brands, an enviable library of content and a talented and engaged workforce -- it is disappointing and simply unacceptable that shareholders have suffered so much,' he said.

'We cannot sit idly by,' the letter continues. 'And we hope you will not either.

'If shareholders like us and you remain passive, without demanding more accountability and an ownership mentality in the boardroom, why shouldn't we expect the stock to do anything other than fall back to another eight-year-low?

'As the owners of this great company, we must act,' it says, before touting Peltz's work at other companies including Unilever, Procter & Gamble and Wendy's.

'Nelson is prepared to ask the hard questions at Disney and pursue excellence in strategy, leadership, culture and performance,' the letter continues, claiming: 'Disney's executives and directors do not want Nelson in the boardroom.

'Based on our experience, we believe they don't want to be challenged, answer hard questions or have robust debates. They prefer the status quo.

'But shareholders need someone in the boardroom who is experienced enough, committed enough and objective enough to insist that Disney live up to its full potential,' the letter concludes.

Midnight's Edge discusses the proxy fight below. It's Andrej's speculation that the blitz across all the leftwing trade papers -- Deadline, Variety, THR -- telling investors to stick with Team Woke indicates that Disney is "panicked" about Trian getting a non-Iger stooge on to the board.

I don't think I buy that. Disney would tell stockholders not to vote for the Peltz bid whether they were worried about it or not, and of course Disney's leftwing media allies want to keep the Not-So-Secret Gay Agenda going.

Obviously, it is the recommendation of the Ace of Spades Investment Group that all Disney shareholders vote for Peltz to join the board, or give their proxy fights to Trian so that they can vote for Peltz to join the board.


There are rumors that Woke Disney is considering selling off, depending on the rumor, Lucasfilm or the Star Wars IP, ESPN, or the ABC network. I imagine they'd be interested in selling off Fox studios, once they've extracted the money-making franchises from it. But I don't know who'd want to buy that.

The Critical Drinker gloats over the collapse of Woke Disney.

digg this
posted by Ace at 04:10 PM

| Access Comments




Recent Comments
Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b]: "Morning, insomaniacals! I actually slept about en ..."

Braenyard: "Stefanie Lambert, an election integrity attorney w ..."

Epobirs: "The offending file(s) will usually make itself obv ..."

Epobirs: "Max Gail (Wojo) is apparently still around. He has ..."

Braenyard: "I don't mind renaming a file but going through 50 ..."

Epobirs: "New Tricks was more a more conventional police pro ..."

Epobirs: "I've usually gotten around the problem by copying ..."

Jim[/i][/b][/s][/u]: "New Tricks was the Brit version of Barney Miller, ..."

irongrampa: "Sitting here listening to music, mostly oldies tha ..."

publius, Rascally Mr. Miley (w6EFb): ">> says you have 3 files with names too long for ..."

Epobirs: "New Tricks was on a lot longer than that. 2003-201 ..."

Braenyard: "Those 4bbl Holley's are light on the gas if you're ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64