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This story was originally published on April 2 and has been updated with the outcome of Disneys proxy battle.
It is shaping up to be a bit of a rumble-cruise-in-theJungle Cruise.
Among these are concerns about the costlyunderperformance of Disneys streaming venturesand middling performance of its recent feature films.
Instate Peltz to the board, along with former Disney CFO Jay Rasulo.
Theyve gained the support of proxy advisory firm Institutional Shareholder Services and the CalPers U.S. Pension Fund.
the companys largest individual shareholder).
Heres what that actually means for the rest of us non-billionaire chumps.
What is an activist investor?
What is a proxy fight?
Who is Nelson Peltz?
Nelson Peltz is someone who does this pop in of alternative investing for a living.
However, his performance in a number of high-profile businesses has been contested.
Whats his problem with Disney?
Restore the Magic might be a lot more RETVRN-coded a catchphrase than it lets on.
More damningly, he clarified, Why do I have to have a Marvel thats all women?
Not that I have anything against women, but why do I have to do that?
Why cant I have Marvels that are both?
Why do I need an all-Black cast?
Sir, thisisnta Wendys.
Is he related to Nicola Peltz?
Yes, hes actress Nicola Peltzs dad, making him Brooklyn Beckhams father-in-law.
Nicola has a tattoo that says family first in Hebrew so theymustbe close.
What is his platform?
Their main motivationis, fundamentally and crudely, we want the stock to go up.
They want shareholders shares to be worth more.
Often, it means cost-savings measures.
If they win, will any good come of it for consumers?
There are a couple of reasons for hope in Peltzs campaign.
Is any of this financial advice?
Any other thoughts on the shareholder vote?
and he wasnt at the wedding.
Something is rotten in the state of Florida!
