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Post by pooh bears mom on Apr 1, 2024 11:43:13 GMT -5
Thoughts on Peltz vs Iger? If what I read is correct, I agree with Peltz, where he feels that Disney needs to become creative again with less sequels. I agree.
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Post by cpnkirk on Apr 2, 2024 7:30:25 GMT -5
I also agree with that, but...I don't know Peltz, and maybe I'm cynical, but he could be spouting some BS to get on the board with other plans that he's not talking about.
Not that I have a vote, anyway.
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Post by brp on Apr 2, 2024 8:24:29 GMT -5
If what I read is correct, I agree with Peltz, where he feels that Disney needs to become creative again with less sequels. I agree. Sure. It's easy to say "become more creative" and try to make financially successful movies. Harder to actually do when you are not having the ideas. Pretty sure that Iger is not sitting there saying "let's bail on new ideas and just do sequels, even though we're losing money on them."
Certainly big words from Peltz.
I also own no stock, so have no vote, but I'd certainly be with Iger based on past actual performance (and we're talking multiple years) vs. easy-to-spout words.
Cheers.
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Post by tomandrobin on Apr 2, 2024 9:09:43 GMT -5
I am one looking for change at Disney. Management has gotten complacent, stale and full of it self (based on pre-covid success).
Is Peltz the answer, I don't know. But at least it will disrupt the continuing failure/mistakes of the last 5 years.
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Post by alwaysdreamingdisney on Apr 2, 2024 12:28:21 GMT -5
I agree with Tom and Robin 100%. I don’t believe that Iger has the heart to try anything new other than a rehash of old hits. Time for new blood!
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Post by maxsdad on Apr 2, 2024 13:58:38 GMT -5
I think Iger has begun to turn the ship around after the disastrous Chapeck regime. I'm not happy about some of the things at Disney, but I think this is a case of the devil you know. As a shareholder with a vote, I took a look at what Peltz and Rasulo were selling, and I wasn't overly impressed. The parks seemed to be an afterthought in their presentation. Stock price is up 30 percent since the beginning of the year. My vote went with the current board.
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Post by pooh bears mom on Apr 2, 2024 15:48:28 GMT -5
Disney needs a change. Iger's time has passed. he needs to retire into the sunset and let new ideas flow in. I am tired of continuous sequels. I want new ideas and innovation. I want to be excited about a new movie- not frozen 99 or star wars 19.
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Post by lephelps on Apr 2, 2024 16:16:53 GMT -5
Sure. It's easy to say "become more creative" and try to make financially successful movies. Harder to actually do when you are not having the ideas. Pretty sure that Iger is not sitting there saying "let's bail on new ideas and just do sequels, even though we're losing money on them."
Certainly big words from Peltz. Speaking (somewhat ignorantly, I'll admit) as someone who works for a corporation that had an activist investor step in for a several years and "shake things up," it's my personal opinion that these people rarely are actually seeking true change that will bring long-term prosperity and profitability to a company, let alone benefit to consumers. They're in it to turn a profit on the shares they own so they can sell them off (or have the company buy them out) and move on to the next company so whatever rhetoric accomplishes that, that's what you'll hear. |
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Post by brp on Apr 2, 2024 16:31:02 GMT -5
Sure. It's easy to say "become more creative" and try to make financially successful movies. Harder to actually do when you are not having the ideas. Pretty sure that Iger is not sitting there saying "let's bail on new ideas and just do sequels, even though we're losing money on them."
Certainly big words from Peltz. Speaking (somewhat ignorantly, I'll admit) as someone who works for a corporation that had an activist investor step in for a several years and "shake things up," it's my personal opinion that these people rarely are actually seeking true change that will bring long-term prosperity and profitability to a company, let alone benefit to consumers. They're in it to turn a profit on the shares they own so they can sell them off (or have the company buy them out) and move on to the next company so whatever rhetoric accomplishes that, that's what you'll hear. Good point. So, it's a question of someone who has shown over a long period of time that he cares about Disney, even if recent activities have been less than stellar (to say the least) in the creativity department, or someone who doesn't give a shit about any of that but just wants to grow the stock.
I'm not saying that this necessarily describes the new guy, but it's certainly a possibility. And Iger's intentions are well understood, even if recent efforts in the movie area have fallen short.
Cheers.
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Post by tomandrobin on Apr 3, 2024 8:43:55 GMT -5
Well....fights over, nothing new happening with the board.
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Post by rigby on Apr 3, 2024 9:15:13 GMT -5
In reference to The Marvels, which starred Brie Larson, Peltz told the Financial Times, "Why do I have to have a Marvel [film] that's all women? Not that I have anything against women, but why do I have to do that?" Apparently in reference to the Black Panther movies, which have made more than $2 billion worldwide, Peltz added, "Why do I need an all-Black cast?" This is the guy you wanted in the room making decisions with Iger? Seems like a real gem of a human being.  |
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Post by brp on Apr 3, 2024 16:23:45 GMT -5
In reference to The Marvels, which starred Brie Larson, Peltz told the Financial Times, "Why do I have to have a Marvel [film] that's all women? Not that I have anything against women, but why do I have to do that?" Apparently in reference to the Black Panther movies, which have made more than $2 billion worldwide, Peltz added, "Why do I need an all-Black cast?" This is the guy you wanted in the room making decisions with Iger? Seems like a real gem of a human being. Great, a misogynist and a bigot. I know which guy DeSantis was pulling for.
I guess the claims that current Disney management have alienated have alienated a large segment of their audience have been greatly exaggerated.
Seems it was not particularly close (https://www.cnn.com/2024/04/03/business/disney-proxy-battle-bob-iger/index.html)
From above:
"Disney’s board triumphed by what the company called “a substantial margin” over the nominees put forward by Trian Fund Management and Blackwells Capital at its annual shareholder meeting."
"Iger didn’t just beat Trian’s Nelson Peltz, but trounced him, according to a person familiar with the vote count. "
Cheers.
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Post by MinnieMom on Apr 3, 2024 17:02:26 GMT -5
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Post by baymaxfan on Apr 3, 2024 22:03:08 GMT -5
I guess the claims that current Disney management have alienated have alienated a large segment of their audience have been greatly exaggerated.
Seems it was not particularly close (https://www.cnn.com/2024/04/03/business/disney-proxy-battle-bob-iger/index.html)
From above:
"Disney’s board triumphed by what the company called “a substantial margin” over the nominees put forward by Trian Fund Management and Blackwells Capital at its annual shareholder meeting."
"Iger didn’t just beat Trian’s Nelson Peltz, but trounced him, according to a person familiar with the vote count. "
Cheers.
I’m not sure a stockholder vote like this represents real life. Most stockholders either don’t vote or have too small of a stake to make a difference. Those with any real voting power are oftentimes reluctant about big shake ups like this. From an investment standpoint, the known entity (even if not great) is sometimes better than the complete unknown. in other words, Disney can alienate a good part of their fans but still overwhelming win a shareholder vote over a massive board shake up. |
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Post by tomandrobin on Apr 4, 2024 7:55:56 GMT -5
I guess the claims that current Disney management have alienated have alienated a large segment of their audience have been greatly exaggerated. You are stating things that are not factual..... Most of Disney Stock is not owned by individuals.
37% of all the stock is owned by 25 institutions.
1% is owned by Disney insiders.
30% is owned by other institutions.
32% is owned by individuals and private companies.
Most institutions back the existing board and most individuals do not exercise their votes and/or are done by automatic proxy. The outcome of the vote has nothing to with public sentiment, it is a reflection of a few investment companies. This was not a democratic vote by any stretch of the imagination.
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