Category: Shareholder Rights and Activism

As Disney Fights Nelson Peltz, Small Shareholders Loom Large

Individuals hold as much as 40 percent of the company’s shares, and they may decide a proxy battle that is one of the most expensive in history.
What Must Nelson Peltz Do to Get Some Respect?

The longtime corporate agitator feels misunderstood. Maybe his fight with Disney could change that.
Activist Investors Raise Bid for Macy’s

The new offer values the department store chain at $6.6 billion. Macy’s, which just announced a strategy to turn around its business, said it would “carefully review” the proposal.
Disney Heirs Line Up Against Nelson Peltz and Activist Investors

Nine grandchildren of Walt and Roy Disney expressed support for Bob Iger and the company’s board, and criticized Nelson Peltz and others circling Disney.
At BlackRock, State Street and Vanguard, Millions of Investors Are Getting a Voice

BlackRock, State Street and Vanguard have opened up voting on environmental, social and management issues. It’s not true shareholder democracy, but it’s progress.
Disney Adds to Its Defenses With Strong Earnings — and Taylor Swift

The media giant beat analysts’ profit forecasts and announced a slew of new content. Will that be enough to fend off the activist investor Nelson Peltz?
Exxon Sues to Prevent Climate Proposal From Shareholder Vote

The complaint, filed in a U.S. District Court in Texas, said a proposal by activist investors calling for the oil giant to cut emissions faster would not create shareholder value.
Nelson Peltz Nominates Two to Disney Board, Including Himself

Nelson Peltz, who feels the company’s stock is languishing and that leadership succession planning has been mishandled, is in his second proxy battle with the entertainment giant in two years.
Nuns Sue Smith & Wesson Over AR-15-Style Rifle Deaths

A coalition of Catholic nuns who own shares in Smith & Wesson claim that the gun maker is putting itself at risk by selling AR-15-style rifles. The company’s C.E.O. called it a “frivolous lawsuit.”
Disney, Facing Activist Investor Pressure, Adds 2 Board Members

James Gorman, Morgan Stanley’s chief executive, and Jeremy Darroch, who ran the British TV company Sky, will join early next year.
A Big Earnings Day for Iger and Disney

Investors, including the activist Nelson Peltz, are awaiting an earnings report from Disney — and updates on potential deals, cost cuts and more.
Fox Sued by New York City Pension Funds Over Election Falsehoods

The funds accuse the Fox Corporation board of neglecting its responsibility to shareholders by leaving the company open to defamation lawsuits.