News
Disney, Bob Iger defeat activist Nelson Peltz in shareholder vote
In a major victory for Disney’s Chief Executive Officer Bob Iger, shareholders have decisively voted in favor of the company’s board nominees.
The outcome, announced Wednesday, reflects strong investor confidence in Iger’s leadership, with the CEO securing an impressive 94% of votes cast.
Disney’s slate of 12 directors garnered substantial support from shareholders, marking a clear endorsement of the company’s current direction.
Peltz, known for his push for corporate change, particularly in the realm of management accountability, faced a setback as he managed to secure only 31% of votes cast.
Despite his criticisms of Disney’s operations and calls for a fresh perspective on the board, shareholders ultimately opted to maintain continuity with the existing leadership.
Shareholder base
Retail investors, who represent a significant portion of Disney’s shareholder base, played a pivotal role in supporting the company’s nominees.
Approximately 75% of retail investors who cast votes backed Disney’s slate, underscoring widespread confidence in Iger’s vision for the entertainment giant.
The defeat deals a blow to Peltz’s Trian Partners, which had sought to exert greater influence within Disney’s boardroom.
Shares of $DIS v. $TSLA since the day Musk told Iger (and advertisers) to “go f*** yourself.” pic.twitter.com/5mTDcKq4Bc
— Carl Quintanilla (@carlquintanilla) April 3, 2024
Nevertheless, Trian expressed pride in its efforts to drive value creation and improve governance within the company, despite the outcome.
While Disney’s victory reaffirms Iger’s control over the board, it also highlights the importance of succession planning—a key issue raised by Peltz during the proxy fight.
With Iger set to step down in 2026, attention now turns to identifying and grooming potential successors from within Disney’s ranks.
News
Trump orders Pentagon to resume nuclear testing immediately
Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety
Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety
– Trump ordered the Pentagon to resume nuclear testing, risking global tensions and retaliation from other nations.
– Proliferation concerns are rising as nuclear states modernise arsenals and the New START Treaty nears expiration.
The potential for worldwide radioactive fallout remains high, even for underground tests. The Comprehensive Nuclear Test Ban Treaty, signed by 187 states, prohibits such testing, yet the US remains a signatory without ratification, bound not to violate the treaty’s intent.
Nuclear weapon testing, once crucial for understanding weapon effects and military planning, has diminished. Since World War II, nuclear tests have largely focused on developing new designs. Significant environmental and health concerns led to a moratorium on atmospheric testing in the early 1960s and the Partial Test Ban Treaty in 1963.
Many countries, including the US, stopped explosive testing in the 1990s. Technological advancements allowed nations to develop nuclear weapons without the need for actual explosions.
Proliferation Risks
Nuclear proliferation continues, with all nine nuclear-armed states investing heavily in modernising their arsenals. This raises concerns about lowered thresholds for using such weapons.
Recent conflicts involving nuclear threats have escalated, and the number of nuclear weapons operationally available has begun to rise again. Russia has tested advanced nuclear weapons, while China is rapidly expanding its military capabilities.
The New START Treaty, which confines the nuclear capabilities of the US and Russia, is set to expire soon, with no successor treaty negotiations underway.
The Doomsday Clock has moved closer to midnight this year, highlighting the heightened dangers facing the world today.
News
US–China trade talks are a handshake, not a deal
Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.
Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.
Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.
Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.
#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews
News
Markets cautious as rate cut hopes fade
Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.
Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.
Central banks pull back on rate cut expectations as tech stocks wobble and inflation pressures persist. Markets adjust cautiously to the Fed’s new tone.
#Markets #Fed #InterestRates #Inflation #TechStocks #CapitalMarkets #TickerNews #Economy #FinancialUpdate
-
News15 hours agoMarkets cautious as rate cut hopes fade
-
News15 hours ago
US–China trade talks are a handshake, not a deal
-
News5 days ago
Bitcoin tops $110K as South Korea reforms crypto rules
-
News3 days ago
Oil prices drop amid OPEC+ output increase plans
-
Shows5 days ago
Improvement districts transforming cities: lessons from London
-
Ticker Views5 days ago
Were you on Facebook 10 years ago? You may be able to claim part of this $50 million payout
-
News4 days ago
Russia test-launches nuclear-powered Burevestnik cruise missile
-
News3 days ago
Meta and Amazon signal ‘AI efficiency era’
