It’s getting complicated — and crowded — in the conference rooms at Cinderella’s Castle.
Everyone has new board members for Disney, it seems. Billionaire Nelson Peltz and his Trian Fund Management have certainly made known their opinion on Disney CEO (and board member) Bob Iger’s leadership. Tl;Dr, it’s not positive. This morning, two new activist investors entered the chat.
Iger’s got friends in high places at ValueAct Capital Management and activist hedge fund Blackwells Capital; both stepped up to bat for Bob on Wednesday. In a filing with the Securities & Exchange Commission, ValueAct says it will support the current Disney Board of Directors’ 2024 nominees for the board seats. Iger returned the compliment.
“ValueAct Capital has a track record of collaboration and cooperation with the companies it invests in, and its Co-CEO Mason Morfit has been very constructive in the conversations we’ve had over the past year,...
Everyone has new board members for Disney, it seems. Billionaire Nelson Peltz and his Trian Fund Management have certainly made known their opinion on Disney CEO (and board member) Bob Iger’s leadership. Tl;Dr, it’s not positive. This morning, two new activist investors entered the chat.
Iger’s got friends in high places at ValueAct Capital Management and activist hedge fund Blackwells Capital; both stepped up to bat for Bob on Wednesday. In a filing with the Securities & Exchange Commission, ValueAct says it will support the current Disney Board of Directors’ 2024 nominees for the board seats. Iger returned the compliment.
“ValueAct Capital has a track record of collaboration and cooperation with the companies it invests in, and its Co-CEO Mason Morfit has been very constructive in the conversations we’ve had over the past year,...
- 1/3/2024
- by Tony Maglio
- Indiewire
The Walt Disney Co. has added former Group CEO of Sky Jeremy Darroch and Morgan Stanley CEO James Gorman to its board of directors and said Francis A. deSouza plans to surrender his seat at the end of his term.
The corporate announcement follows an appearance by CEO Bob Iger at The New York Times DealBook Summit, during which he addressed an activist push by investor Nelson Peltz. Along with former Marvel chief Ike Perlmutter, Peltz is seeking to gain seats on Disney’s board. “I am certain that the board will hear them out as to what their plans are,” Iger said of the duo, but added, “It’s not like we have a number of empty seats.”
Darroch’s appointment is effective January 9, 2024, Disney said, and Gorman’s takes effect on February 5, 2024.
The nominations of Gorman and Darroch to the board will be voted on by shareholders at...
The corporate announcement follows an appearance by CEO Bob Iger at The New York Times DealBook Summit, during which he addressed an activist push by investor Nelson Peltz. Along with former Marvel chief Ike Perlmutter, Peltz is seeking to gain seats on Disney’s board. “I am certain that the board will hear them out as to what their plans are,” Iger said of the duo, but added, “It’s not like we have a number of empty seats.”
Darroch’s appointment is effective January 9, 2024, Disney said, and Gorman’s takes effect on February 5, 2024.
The nominations of Gorman and Darroch to the board will be voted on by shareholders at...
- 11/29/2023
- by Dade Hayes
- Deadline Film + TV
Disney’s board named Morgan Stanley CEO James Gorman and former Sky chief Jeremy Darroch as new directors Wednesday.
Additionally, Disney has announced that board member Francis A. deSouza, former president and CEO of Illumina, will not stand for reelection at the company’s upcoming annual meeting, “as he pursues new opportunities in the technology sector that will require his full attention.”
The news comes one day after Disney held a company-wide town hall featuring CEO Bob Iger and his top lieutenants discussing the state of the business.
Along with Disney CEO Bob Iger and Disney board chairman Mark Parker, executive chairman of Nike, and deSouza, Disney’s board currently includes Mary T. Barra, Safra A. Catz, Amy L. Chang, Carolyn N. Everson, Michael B.G. Froman, Maria Elena Lagomasino, Calvin R. McDonald and Derica W. Rice.
The additions of Gorman (who begins his role Feb. 5) and Darroch (starting Jan.
Additionally, Disney has announced that board member Francis A. deSouza, former president and CEO of Illumina, will not stand for reelection at the company’s upcoming annual meeting, “as he pursues new opportunities in the technology sector that will require his full attention.”
The news comes one day after Disney held a company-wide town hall featuring CEO Bob Iger and his top lieutenants discussing the state of the business.
Along with Disney CEO Bob Iger and Disney board chairman Mark Parker, executive chairman of Nike, and deSouza, Disney’s board currently includes Mary T. Barra, Safra A. Catz, Amy L. Chang, Carolyn N. Everson, Michael B.G. Froman, Maria Elena Lagomasino, Calvin R. McDonald and Derica W. Rice.
The additions of Gorman (who begins his role Feb. 5) and Darroch (starting Jan.
- 11/29/2023
- by Jennifer Maas
- Variety Film + TV
Edward R. Pressman, the veteran producer behind Wall Street and frequent Oliver Stone collaborator, has died. He was 79.
The prolific producer passed away peacefully Tuesday night at a Los Angeles hospital surrounded by his loved ones, including members of his family and his company, his son and Pressman Film’s vp of production Sam told The Hollywood Reporter.
“He was working up until the last moment [and] insisted on speaking with London partners on the night before his passing,” he added in a statement. “We have a lot of work to do to honor him and bring to fruition the many projects he put himself into.”
The independent producer, known for financing films he loved and those other studios wouldn’t touch, helped bring close to 100 movies to the big screen. That includes The Crow, Conan the Barbarian, American Psycho, Bad Lieutenant and Plenty. He was also known for frequently working...
The prolific producer passed away peacefully Tuesday night at a Los Angeles hospital surrounded by his loved ones, including members of his family and his company, his son and Pressman Film’s vp of production Sam told The Hollywood Reporter.
“He was working up until the last moment [and] insisted on speaking with London partners on the night before his passing,” he added in a statement. “We have a lot of work to do to honor him and bring to fruition the many projects he put himself into.”
The independent producer, known for financing films he loved and those other studios wouldn’t touch, helped bring close to 100 movies to the big screen. That includes The Crow, Conan the Barbarian, American Psycho, Bad Lieutenant and Plenty. He was also known for frequently working...
- 1/18/2023
- by Abbey White
- The Hollywood Reporter - Movie News
Thirty-six floors. Thirteen terrorists. Three exclusive interviews. Eminently quotable and endlessly rewatchable, Die Hard remains the gold standard for big screen action. Adapted from a Roderick Thorp novel by first-timer Jeb Stuart and meticulously directed by set-piece maestro John McTiernan — these rare ingredients distilled into a film like no other. For the movie's 30th birthday back in 2018, we spoke to McTiernan, De Souza and Stuart to bring you the ultimate Die Hard viewing guide. Yippee-Ki-Yay, motherfuckers.
- 12/8/2022
- by James Dyer
- Empire - Movies
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