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Jay Rasulo

All articles tagged with #jay rasulo

business2 years ago•1 min saved

"CalPERS and NYC Retirement Systems Support Peltz and Rasulo in Disney Board Battle"

The California Public Employees Retirement System (CalPERS) has voted to elect activist investor Nelson Peltz and Jay Rasulo to the board of Walt Disney Company, joining other advisory firms in backing the candidates. The vote comes ahead of Disney’s annual shareholders meeting, where a showdown is set to take place over two board seats. Peltz, founder of Trian Partners, and Disney CEO Bob Iger have been at the center of a tense proxy fight, with Peltz arguing that Disney’s business is in decline under Iger, while Iger has been trying to convince shareholders not to vote for the investment firm’s candidates.

via Hollywood Reporter|

#boardroom-battle #business #calpers

business2 years ago•1 min saved

"Nelson Peltz's Battle for Disney Board Seats and Streaming Strategy"

Nelson Peltz, backed by a $3 billion stake in Disney, has nominated himself and former Disney exec Jay Rasulo for board seats, criticizing CEO Bob Iger's leadership and the company's underperformance. Trian also urged shareholders to withhold votes for three nominees from another activist investor, Blackwells. Disney, however, believes all five nominees lack qualifications. Peltz accused Iger of taking a billion dollars out of the company and criticized his compensation amid declining earnings and stock performance.

via Deadline|

#activist-investor #board-seats #business

business2 years ago•2 min saved

Trian's Nelson Peltz shakes up Disney's board with high-profile nominations

Trian Fund Management has nominated its CEO, Nelson Peltz, and former Walt Disney CFO Jay Rasulo to Disney's board as part of a contentious proxy fight. Trian initially sought to nominate three or four board members but decided on two after Rasulo accepted the invitation. Disney defended its current board, stating it is experienced and focused on long-term performance. The company will review the nominations and provide a recommendation. Trian's proxy fight comes as Disney CEO Bob Iger tries to restructure the company after disappointing results and plans to cut costs and make its streaming business profitable.

via CNBC|

#business #disney #jay-rasulo