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Disney Set To Release Earnings As Activist Investors Circle
Disney will unveil its latest earnings as activist investors push for change. Is a new sports streaming JV with ESPN and other media giants enough?
It’s one that comes with two separate activist shareholders lobbying aggressively to push new directors onto the company’s board because the stock has lagged and, they say, Disney hasn’t made any big moves to create value. Disney insists Peltz had not contributed “one strategic idea that would benefit shareholders and said Rasulo would have an “outdated perspective” and a hard time working with Iger since he was passed over as CEO-in-waiting in 2015. Activist investors Roy Disney – nephew of Walt – and Stanley Gold waged an aggressive campaign against him claiming the company had lost focus and creative energy.
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