JPMorgan Chase CEO Jamie Dimon has reportedly gotten involved in the Disney-Trian Fund Management proxy fight by expressing his support for CEO Bob Iger.
JPMorgan Chase CEO Jamie Dimon involved himself in the Disney-Trian Fund Management proxy fight by expressing his support for CEO Bob Iger. Dimon told CNBC on Wednesday that Iger was a "first-class executive and outstanding leader" who "knows the media and entertainment business cold and has the successful track record to prove it.
The firm has argued that Disney has experienced "chronic underperformance" in its financials and directed the blame at its board. It alleged the board has fallen short in strategy oversight, capital allocation, culture, succession planning, executive compensation and other areas in a recently released white paper.
In a filing this week, Disney said it was "on track" to achieve its increased annualized savings target of $7.5 billion. The shareholder meeting where the current proxy battle will come to a head is slated to take place in early April. Disney’s board nominees for that vote include Mary Barra, Safra Catz, Amy Chang, Jeremy Carroch, Carolyn Everson, Michael Froman, James Gorman, Maria Lagomasino, Calvin McDonald, Mark Park, Derica Rice and Iger.
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.
Snowden Roasts JP Morgan CEO Over Bitcoin Price and PurchasesIn clash of titans, Edward Snowden takes aim at JPMorgan Chase CEO Jamie Dimon over Bitcoin
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 »
Jamie Dimon Says He’ll “Defend Your Right to Buy Bitcoin” After Price PumpCrypto Blog
Read more »
JPMorgan Upgrades Coinbase Shares as Crypto Prices SurgeJPMorgan upgraded the shares of crypto exchange Coinbase (COIN) to neutral to reflect the recent surge in cryptocurrency prices. The approval of spot bitcoin ETFs has contributed to better spot bitcoin flows and higher prices.
Read more »
JPMorgan Chase, BlackRock drop out of massive UN climate alliance in stunning moveJPMorgan Chase, BlackRock and State Street confirmed they are exiting the world's largest climate alliance which seeks to push investors away from funding the fossil fuel sector.
Read more »
JPMorgan Chase Sued Over ‘Predatory’ Fees For Depositing Bounced ChecksI cover breaking news for Forbes. Before Forbes, I worked as a reporter for USA Today in Asheville and Black Mountain, North Carolina. I received my bachelor's degree in journalism from Auburn University and my master's degree in journalism from Northwestern University.
Read more »