Disney board nominates dozen nominees that does not include activist investors
Walt Disney Co.'s (DIS) board on Tuesday nominated a slate of 12 directors that notably left out activist investors from Trian Fund Management (Nelson Peltz, James Rasulo) and Blackwells Group (Craig Hatkoff, Jessica Schell, Leah Solivan), both of which have been highly critical of Disney Chief Executive Robert A. Iger. The company instead unanimously recommended current board members, including: General Motors Co. (GM) CEO Mary T. Barra; Oracle Corp. (ORCL) CEO Safra A. Catz; Amy L. Chang, a former senior executive at Alphabet Inc.'s (GOOGL) (GOOG) Google and Cisco Systems Inc. (CSCO); former Sky CEO D. Jeremy Darroch; Carolyn N. Everson, a former senior executive at Instacart (CART), Facebook parent Meta Platforms Inc. (META) and Microsoft Corp. (MSFT); Michael B.G. Froman, former vice chairman and president of strategic growth at Mastercard Inc. (MA); James P. Gorman, former CEO of Morgan Stanley (MS); Iger; Maria Elena Lagomasino; Calvin R. McDonald, CEO of Lululemon Athletica Inc. (LULU); Disney Chairman Mark G. Parker; and Derica W. Rice, a former senior executive at CVS Health Corp. (CVS) and Eli Lilly and Co. (LLY). Disney also disclosed that Iger's total pay last year was valued at $31.6 million, down from $45.9 million in 2021, his last full year of employment at the company.
-Jon Swartz
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
01-16-24 1823ET
Copyright (c) 2024 Dow Jones & Company, Inc.-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
The 10 Best Companies to Invest in Now
-
New 4-Star Stocks
-
Morningstar’s Guide to Investing in Stocks
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth