I think the answer is one that we would give regardless of the egos involved.
What do we do now with the stock of Walt Disney ? If you had the opportunity to hear activist investor Nelson Peltz , the defeated candidate for the Disney board, you did not get a definitive answer, as much as I pressed. We know that when Peltz tried to get on the board last time, he withdrew his candidacy in February 2023. He told me right on CNBC that he was happy with the changes that then-newly returned CEO Bob Iger said he would make.
I most feared the blowout in Disney stock in a fit of pique and right now I am not seeing that. DIS .SPX mountain 2009-01-01 Disney vs. S & P 500 performance since 2009 Obviously, if Iger delivers on his promises, including $7.5 billion in cost cuts, the stock has a good chance of going higher. Here are more details on the rest of our checklist: We need to see a well-thought-out succession plan.
Breaking News: Business Entertainment Alphabet Inc Amazon.Com Inc Apple Inc Morgan Stanley Walt Disney Co Nelson Peltz Bob Iger Jim Cramer Investment Strategy Markets Breaking News: Markets Big Picture Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battleThe move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.
Read more »
George Lucas backs Disney CEO Bob Iger in proxy fight with Nelson PeltzThe support from the George Lucas endorsement is key, because he’s Disney’s largest individual shareholder, but also because of his standing in…
Read more »
Jamie Dimon endorses Disney CEO Bob Iger in proxy fight with Nelson Peltz's Trian PartnersJPMorgan Chase CEO Jamie Dimon endorsed Disney CEO Bob Iger in his proxy battle with activist Trian Partners, CNBC's David Faber has learned.
Read more »
Bob Iger Wins Disney Proxy Battle After Board Turns Down Nelson Peltz’s BidBob Iger wins Disney's proxy battle after the shareholders turned down Nelson Peltz’s efforts to win seats on the board of directors.
Read more »
Disney's Bob Iger wins over Nelson Peltz in shareholder voteWalt Disney Co. chief executive Bob Iger fought off an aggressive proxy challenge by billionaire activist investor Nelson Peltz in a vote at the Burbank-based company's annual shareholders meeting on Wednesday.
Read more »