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Disney Grandchildren Slam Activist Investors in Letters to Company Shareholders: ‘We Know Who the Villains Are in This Story’
Grandkids of Walt Disney and Roy O. Disney weighed in on the bid by two activist investment firms to win seats on the board of the Walt Disney Co.
And it takes a special group of leaders with a deep respect and understanding for this tradition to develop the kinds of incredible experiences – whether in a theme park, at a movie theatre, or in your own home – that touch people’s hearts. We’re old enough to remember the bitter episode four decades ago when another corporate raider, Saul Steinberg — who, as it so happens, was good friends with one of the current activists, Nelson Peltz — launched a hostile takeover attempt of Disney and threatened to break apart the company. As The Walt Disney Company charts its path forward, it is imperative that the strategy Bob Iger, his management team, and the Board of Directors have implemented is not disrupted by those motivated by nothing more than their own self-interest.
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