Morning Brew Daily You Can Buy a Vote on Disney's Board & The Regional Bank Saved by $1B Investment
Mar 7, 2024
Discover the high-stakes battle for Disney's board votes as shareholders sell their influence. Dive into how New York Community Bank avoided disaster with a $1 billion lifeline. Uncover new SEC rules demanding transparency on greenhouse gas emissions. Explore how fresh regulations could unexpectedly shake up fast fashion. Plus, listen to wild tales like a man receiving 217 COVID vaccinations and the quest to bring back the Woolly Mammoth, making for a fun mix of corporate intrigue and unusual stories!
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Iditarod Moose Incident
- A musher in the Iditarod had to kill a moose entangled with his dogs.
- He received a penalty for not gutting it properly, according to race rules.
Disney Proxy Vote Sale
- Disney shareholders can sell their proxy votes for $0.20 each.
- This unusual practice is legal but raises ethical questions about corporate governance.
NYCB's Near Collapse
- New York Community Bank (NYCB) faced potential collapse after a share sale announcement.
- Steve Mnuchin led a $1 billion investment, stabilizing NYCB and averting disaster.