Business Wars

Disney Under Seige | Peltz Strikes Back | 2

109 snips
Dec 18, 2024
Bob Iger's struggle to reassure investors unfolds against a backdrop of declining stock prices and the disruptive media landscape. Tensions rise as activist investor Nelson Peltz challenges Disney’s leadership, demanding strategic changes. A fierce proxy battle ensues, with strong endorsements shaping the fight for board seats. As both sides prepare for a crucial shareholders meeting, the stakes couldn't be higher for Disney's future amidst evolving investor sentiments and shifting storytelling dynamics.
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ANECDOTE

Iger at Sun Valley

  • Bob Iger, Disney's CEO, attended the Sun Valley Conference in July 2023.
  • He aimed to reassure Wall Street about his plans for Disney's traditional TV operations.
INSIGHT

Iger's CNBC Interview

  • Iger admitted the traditional TV business model is broken due to streaming's rise.
  • He acknowledged the disruptive forces impacting the business were stronger than he initially anticipated.
ANECDOTE

Peltz Strikes Back

  • Disney's stock continued to fall after Iger's interview, catching Nelson Peltz's attention.
  • Peltz, an activist investor, prepared to challenge Disney again after a previous attempt.
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