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Disney Bruised In Board Vote Battle As Pension Fund CalPERS Backs Nelson Peltz & Ex-CFO
Around 100 hours before the deadline for all Disney shareholders to cast their ballots in the acrid board clash between the Mouse House and activist investor Nelson Peltz, one of the country's top pension funds just rolled its cannons onto the battlefield.
With 6.7 million shares in Disney, the…
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37 Comments Comment on Disney Bruised In Board Vote Battle As Pension Fund CalPERS Backs Nelson Peltz & Ex-CFO
Bob Iger And Disney Get Backing In Proxy Battle From Former CEO Michael Eisner
Disney and its current CEO, Bob Iger, have secured the backing of Iger’s onetime boss, former Chairman and CEO Michael Eisner.
In a statement posted to social media, Eisner didn’t name Nelson Peltz, whose Trian Fund Management is mounting an offensive to win two seats on Disney’s board at the April 3…
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By Dade Hayes
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Peter Bart: Shakespearean Subplots Threaten Bob Iger’s Second Act
When Michael Eisner was making a ceremonial exit as Disney's CEO in 2005 he acknowledged that the intrigues of succession had become "Shakespearean." Rival corporate factions were vying for power. Some insiders were persuaded that Eisner never would actually…
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By Peter Bart
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Michael Eisner Is “A Big Fan Of Both Bobs”: Former Disney CEO Talks Streaming, Cinemas, Selling Topps
Michael Eisner, the former Walt Disney chief who currently runs holding company Tornante, was upbeat about his two successors at Disney, Bob Iger and Bob Chapek. The former officially left the hallowed halls as of December 31 and the latter, in place for almost a year, is firing up.
"I am a big fan of Disney. I am a…
Frank Oz: “Disney Doesn’t Want Me” To Do The Muppets Anymore
“I’d love to do the Muppets again but Disney doesn't want me,” Frank Oz told The Guardian in an interview published today. That’s right, the man who brought to life Cookie Monster, Grover, Fozzie Bear, Bert and Yoda says he is not welcome in Disney’s Muppetverse.
What about that other tentpole of the beloved Jim…
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By Tom Tapp
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Former Disney Chief Michael Eisner To Launch IPO Of Sports Trading Card Company Topps In $1.3B Deal
Michael Eisner’s Tornante Company is backing an initial public offering for sports trading card company Topps Inc., with the former Disney boss set to remain chairman.
The $1.3 billion public move will be the result of a merger with a SPAC, one of the popular investment vehicles also known as blank-check companies. A…
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By Dade Hayes
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Michael Eisner’s Tornante Invests In Struum; New Company Led By Former Discovery, Disney Execs Helps Consumers Find OTT Content
Former senior Disney and Discovery streaming and tech execs Thursday announced a new venture called Struum backed by a multi-million dollar investment from former Disney CEO Michael Eisner through his Tornante Company.
Founders of Struum, which aims to make it easier for people to discover new streaming programming…
Never All That Close, New York And Los Angeles Are Further Separated By The Virus
As the pandemic wears on, New York and Los Angeles have never felt farther apart—and it seems likely that even more distancing, both social and cultural, will be the unhappy drill for years to come.
In truth, the two great sister cities have never been as close as you might think, at least in movie and media terms…
Siobhan Bachman Joins Michael Eisner’s Tornante As Head of Development
Michael Eisner’s the Tornante Company has brought Siobhan Bachman aboard as Head of Development. The veteran TV exec will develop, pitch and produce new projects across all platforms with a focus on expanding the BoJack Horseman producer’s existing work in live-action programming.
Bachman has nearly two decades of…
Disney To “Vigorously” Fight New $60M Harvey Weinstein Assault Suit From Paz De La Huerta
Nearly a year after first taking the much-accused Harvey Weinstein to court, Paz de la Huerta has today added the Walt Disney Company, its former CEO Michael Eisner and current CEO Bob Iger plus Bob Weinstein and Miramax to a revised version multi-claim version of the complaint – and Disney wants out ASAP.
“Defendant…
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‘Who Is Michael Ovitz?’ Review: A New Memoir From The Master Of Confession And Concealment
Michael Ovitz was ever the master of both confession and concealment — the shared confidence that really wasn't, or the backdoor whisper that had to be denied. When I was pursuing him, in a reportorial sense, for a 1986 Wall Street Journal profile, for instance, he struck a pose of complete resistance. But he also had…
Peter Bart: Michael Ovitz’s New Book A Tangle Of Conflicted Hollywood History
Book titles posing a question are considered risky in the publishing business, especially if they're widely hyped. A case in point: Who Is Michael Ovitz? published this week by Portfolio/Penguin. The book was, in fact, written by Ovitz, prompting some of his former colleagues and clients to propose an alternate title…
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By Peter Bart
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