Major Disney Investor Nelson Peltz Makes Fresh Play to Take Seats on the Failing Company's Board

You may remember that Nelson Peltz demanded a seat on the board of directors earlier. He also began a proxy fight, asking shareholders for their proxy votes to get himself (or an ally) on to the board.

Bob Iger got him to drop this bid by announcing he was cutting $3 billion+ in costs and would also begin paying out dividends to shareholders.

But Iger continues to destroy shareholder value. His cuts in spending aren't enough to make Disney profitable. Bob Iger and all his handpicked woke board members must be cut.

And so Nelson Peltz is attempting to gain seats on Disney's board again.

The board hires and fires CEOs so Bob Iger is opposed to this. He wants the board packed with his simps and sycophants.

Activist investor Nelson Peltz, who dropped a long battle with Disney early this year, has amassed a large stake in the media giant and is said to be seeking board seats.

Peltz's Trian Fund, one of Disney's largest investors with a stake valued at upward of $2.5 billion, is expected to request multiple seats on the board of directors, including one for himself, according to the Wall Street Journal, citing people familiar with the matter....

Trian declined comment. Reps for Disney weren't immediately available.

The article notes that Peltz's company Trian owns about $1 billion in shares -- "less now as the stock has not had a good run recently." That's one way to put it.

Via Valliant Renegade, who opines that Nelson Peltz will not be bought off with the "empty promises" he accepted last time.

You may remember that Disney claimed that its newest Star Wars bomb, Ahsoka, was a ratings juggernaut. In fact, its ratings are lower than other Disney Star Wars shows, and keep dropping. (The show has now ended by Nielsen ratings are four weeks behind.)

By episode 4, it was number 7 on the Streaming Original Programming charts. That may sound good, but remember, very few shows on streaming are original programming. Most are "acquired," that is, gotten from some other channel. Like Seinfeld re-runs or the top-rated show on Disney, Bluey, some Australian cartoon about a dog. (Correction: I first wrote it was number seventeen on the original program charts. It's number seven.)

Being #7 out of an already small pool of competitors isn't great. Amazon's Wheel of Time is ahead of Ahsoka, and no one would call that a hit or brag about its ratings.

Well, Amazon probably would, but then they think that Rangz of Power is a hit.

Related: Critical Drinker calls the race-and-gender-bent Canadian TV show "Robyn Hood" the greatest TV show in the history of TV shows.

Incredibly, this isn't a Disney original. It should be, but somehow it's not.

posted by Disinformation Expert Ace at 04:00 PM

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