You Can Buy a Vote on Disney's Board & The Regional Bank Saved by $1B Investment
Mar 7, 2024
29:46
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Exploring Disney's boardroom battle with activist hedge funds buying proxy votes, NYCB's financial stability with a $1 billion investment, SEC's new rules on disclosing greenhouse gas emissions, and a controversial crypto perfume launch for women in the industry.
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Quick takeaways
Disney's board faces controversy as shareholders sell votes, sparking ethical concerns over the company's future.
SEC's new rule mandates companies to disclose climate change risks, enhancing transparency and combating greenwashing practices.
Deep dives
Mushing Rules at the Iditarod
During the Iditarod sled dog race, musher Dallas Seavey had to kill and gut a moose as per race rules after it tangled with his dogs, facing a penalty for not gutting it sufficiently. This odd rule aims to salvage meat from big game animals for sustenance during the race.
Disney's Shareholder Battle
Disney is embroiled in a fierce battle with activist hedge funds over poor management concerns, with bids to buy proxy votes surfacing ahead of the decisive shareholder vote incurring record-breaking spending of $70 million. The ethical debate arises over selling votes and potential impacts on the company's future.
SEC's Climate Disclosure Rule
The SEC's new rule requires companies to disclose greenhouse gas emissions and climate change risks, aiming to provide investors with crucial information for decision-making. Despite business groups' opposition, the rule seeks to increase transparency and combat greenwashing practices.
Colossal Bioscience's Mammoth Resurrection
Colossal Bioscience achieves a significant breakthrough by creating Asian elephant stem cells that integrate with mammoth cells, a crucial step in the ambitious mammoth revival project. The company aims to restore extinct species and mitigate climate change impacts with their genetic research.
Episode 274: Neal and Toby explain what is going on with Disney's board and how shareholders are putting their votes up for sale. Plus, New York Community Bank may have been saved by a $1 billion capital raise and why the government is making companies be transparent about their contributions to climate change. Neal shares his favorite numbers and scientists are trying to bring back the Woolly Mammoth? And finally the perfume that is supposed to get more women into crypto.