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Dow is Up, Santos is Out, and Guest Sixto Cancel
Pivot
Wrong Prediction and Power Struggles: The Dynamics of Shareholder Voting in Disney
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In a twist of events, the speaker admits being wrong about Nelson getting board seats. However, they still believe it would have been a smart move to avoid distractions. They compare the situation to an election, where the outcome depends on shareholder votes. The speaker predicts that Nelson will go for board seats instead of a control stake. The stock price and market performance will play a crucial role in determining how shareholders vote. The speaker also mentions the involvement of a proxy solicitor who will analyze the situation and communicate with the relevant parties. Despite negotiations, Bob has chosen not to cooperate.
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