Motley Fool Money Disney’s Activist Investor (Reprise)
Oct 10, 2023
Jason Moser, an investment analyst at The Motley Fool, discusses activist investor Nelson Peltz's potential influence on Disney's leadership, along with Unity Technologies' CEO resignation and its pricing strategy blunders. Robert Brokamp joins the conversation to highlight the rising trend of 'unretirement,' exploring why more retirees are re-entering the workforce post-pandemic. They delve into the implications for companies like Disney and the changing dynamics in both corporate and entertainment sectors.
AI Snips
Chapters
Books
Transcript
Episode notes
Unity CEO Steps Down
- Unity Technologies CEO, John Riccitiello, stepped down after a pricing change controversy.
- Developers likened the proposed runtime fee to automakers charging for every mile driven.
Market Reacts to Unity CEO Departure
- Unity's stock rose 5% upon Riccitiello's departure announcement.
- This suggests the market sees his leadership as a hindrance rather than a benefit to the company.
Peltz Returns to Disney
- Activist investor Nelson Peltz, with Trian Fund Management, increased their Disney stake to $2.5 billion (1.5%).
- Peltz previously sought a board seat a year prior, withdrawing after presenting a slideshow.
