Analyst's 3 reasons why Peltz lost the Disney proxy fight

59,690 次觀看・8 個月前

Current Disney (DIS) board members picked up a win against activist investor Nelson Peltz at their annual shareholder meeting on Wednesday, having enough shareholder votes in their favor. Disney's proxy battle has been very much in the public eye with questions about CEO Bob Iger's leadership.

Needham Senior Internet and Entertainment Analyst Laura Martin joins Market Domination Overtime to give insight into why she believes Peltz lost his poxy fight with Disney.

Martin lays out her reasons: "The Disney brand is iconic and to have hostility in the boardroom is really off brand for Disney. Two, 95% of shareholders voted for Bob Iger which is 100% of shareholders that weren't Nelson Peltz, so there is a lot of faith in Bob Iger as a leader, that's the second thing. And then third, Nelson Peltz has no entertainment experience. He did a hostile on P&G (PG) and Unilever (UL), but he has no entertainment experience so its not helpful to have him on the board other than as a rabble rouser and I think that worked against him.

Watch the video above to hear what Martin thinks will help drive Disney's stock higher.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

Editor's note: This article was written by Nicholas Jacobino