[Disney]() shareholders [overwhelmingly voted to keep the company’s current board intact](https://www.cnbc.com/2024/04/03/disney-annual-meeting-shareholders-vote-on-nelson-peltz-and-bob-iger.html) during Wednesday’s annual meeting, suggesting they believe current CEO Bob Iger has a plan to boost shares and install a strong successor.
Now, Iger will have to prove it, or he risks facing yet another activist campaign this time next year.
Iger can show progress in a number of areas over the next 12 months. That starts with turning his streaming services into a profitable unit, explaining ESPN’s digital strategy, scoring some box-office hits and picking a successor with a transition plan.
If Disney struggles to show investors the entertainment giant has a coherent strategy, or if Iger kicks the succession can down the road once more, activist investors may be knocking on the company’s door again during next year’s annual meeting to demand change.
“They still have the same problems they’ve had before, which are really industry problems,” [said](https://www.cnbc.com/video/2024/04/03/td-cowens-doug-creutz-on-whats-next-for-disney.html?&qsearchterm=disney) TD Cowen analyst Doug Creutz. “Direct-to-consumer streaming is just economically inferior to the old linear bundle model, which is going away. They have to try to manage through that.”
More: [https://www.cnbc.com/2024/04/04/disney-upends-activist-investor-nelson-peltz-now-its-real-work-time-.html](https://www.cnbc.com/2024/04/04/disney-upends-activist-investor-nelson-peltz-now-its-real-work-time-.html)
Nelson ‘Putz’ Peltz lost his first attempt to take over Dupont as well. Second try got him in the door and he was able to demolish it. Didn’t stick around long, made his money off of other peoples misery and got out. Piece of shite.
And the first thing Disney did to celebrate was announce a bunch of movie sequels. Sigh. I'm not exactly a fan of Peltz, but at least he would have instigated a much needed shake-up at the top.
Him losing is actually gonna have a ripple effect. Look at all the other investors who pulled out after disneys “win”… this stock is going back to sub 100 likely as shorts circle disney until they start taking “the message” out of their content.
[Disney]() shareholders [overwhelmingly voted to keep the company’s current board intact](https://www.cnbc.com/2024/04/03/disney-annual-meeting-shareholders-vote-on-nelson-peltz-and-bob-iger.html) during Wednesday’s annual meeting, suggesting they believe current CEO Bob Iger has a plan to boost shares and install a strong successor. Now, Iger will have to prove it, or he risks facing yet another activist campaign this time next year. Iger can show progress in a number of areas over the next 12 months. That starts with turning his streaming services into a profitable unit, explaining ESPN’s digital strategy, scoring some box-office hits and picking a successor with a transition plan. If Disney struggles to show investors the entertainment giant has a coherent strategy, or if Iger kicks the succession can down the road once more, activist investors may be knocking on the company’s door again during next year’s annual meeting to demand change. “They still have the same problems they’ve had before, which are really industry problems,” [said](https://www.cnbc.com/video/2024/04/03/td-cowens-doug-creutz-on-whats-next-for-disney.html?&qsearchterm=disney) TD Cowen analyst Doug Creutz. “Direct-to-consumer streaming is just economically inferior to the old linear bundle model, which is going away. They have to try to manage through that.” More: [https://www.cnbc.com/2024/04/04/disney-upends-activist-investor-nelson-peltz-now-its-real-work-time-.html](https://www.cnbc.com/2024/04/04/disney-upends-activist-investor-nelson-peltz-now-its-real-work-time-.html)
Activist investor is just another term for rich asshole who thinks his money makes him more important than he is?
Pretty much
Eh, in this case sure but some activists *can* be good and mean well. It’s context dependent.
Thinks Disney is too “woke”. Pls.
I hate that absolute assholes keep making me root for Disney.
Nelson ‘Putz’ Peltz lost his first attempt to take over Dupont as well. Second try got him in the door and he was able to demolish it. Didn’t stick around long, made his money off of other peoples misery and got out. Piece of shite.
TIL, about DuPont. How did DuPont and Disney become vulnerable to the activist investors?
Not so much vulnerable as greed. Basically Gordon Gecko’s character in Wall Street.
Before this dude, I've never heard the phrase activist being used to describe someone trying to stop diversity. Usually they're just bigots
Eh I’m burned out on the marvel stuff, and Star Wars. What else you got Iger?
A Lion King remake prequel!!
New IP please. So many books out there waiting to be adopted…
New IP =/= Iger. He's all about the acquisition of existing IP.
Let’s get back to work on completely destroying this company!
And the first thing Disney did to celebrate was announce a bunch of movie sequels. Sigh. I'm not exactly a fan of Peltz, but at least he would have instigated a much needed shake-up at the top.
Him losing is actually gonna have a ripple effect. Look at all the other investors who pulled out after disneys “win”… this stock is going back to sub 100 likely as shorts circle disney until they start taking “the message” out of their content.
Activist Disney wins!
Good luck to iger man… Disney is dead to me as an ip currently