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Finshots Daily
Disney’s billion-dollar Boardroom Battle
Apr 8, 2024
The podcast delves into the power struggle at Disney's boardroom with activist investor Nelson Pels challenging the company's strategy. The clash between major shareholders and management over strategic changes post-Marvel sale is intense.
06:25
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- Activist investor Nelson Pels criticized Disney's financial performance and CEO succession planning, prompting strategic changes.
- Disney faced challenges with box office failures and a stock price crash amidst the proxy battle with activist investors.
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Disney's Billion Dollar Battle with Activist Investor Nelson Pels
Disney found itself in a boardroom battle with activist investor Nelson Pels, who criticized the company's financial performance due to heavy investments in streaming, movie production, and the costly acquisition of 21st Century Fox. Pels raised concerns about CEO succession planning, notably the delayed retirement of Bob Iger and dissatisfaction with the successor, Bob Chapak. To counter Pels's demands for a board seat, Disney implemented strategic changes like reinstating dividends, reorganizing studios, cutting streaming losses, and reducing costs by slashing jobs and bills.
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