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Mickey’s Boardroom Adventure: What’s the End Game for Disney’s Activist Investor Foes?
Disney has been thrust into the unfamiliar position of fighting off activist investors. What is the end game for the Mouse's foes?
Trian and rival firm Blackwells Capital have launched dueling PR campaigns and proxy fights to prod Disney to make changes to its corporate governance and long-term strategy. Peltz’s on-again, off-again campaign to shake up Disney’s board of directors, which started in January 2023, unleashed a flood of Wall Street analysis of the company’s performance and its prospects. Forty years ago, a much smaller Disney was in danger of being sold off for parts by corporate raiders, until savvy investors recruited then-Paramount executive Michael Eisner to lead a storied turnaround.
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