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The California Public Employees Retirement System (CalPERS) said the U.S. pension fund has voted to elect activist investor Nelson Peltz and Jay Rasulo to to the board of Walt Disney Company, Reuters reported Friday. “CalPERS believes Walt Disney Co will benefit from fresh eyes on its board of directors and voted its company shares in…
“Disney snubs Nelson Peltz, names Nike’s Mark Parker chairman” Activist investor Nelson Peltz on Wednesday was gearing up for a proxy fight with Walt Disney after the entertainment giant snubbed his bid for a board seat. It is the second time in six months that an activist shareholder has mounted pressure on Disney. Last year, billionaire Daniel…
“#Harsh light on in-the-dark CEO’s failure” In March of 2017, Jeff Immelt was in his 16th year as CEO of General Electric and — at least in his head — he was remaking the iconic conglomerate into the very model of the modern industrial company. He was expanding the old — GE’s historic footprint in…