Disney's contested board vote arrives, with management looking to prevail on its vision [Seeking Alpha]
Vanguard Short-Term Treasury ETF (VGSH)
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Source: Seeking Alpha
Disney's ( DIS ) annual meeting (including the vote for its 13-member board) is set to begin at 1 p.m. ET Wednesday; stay tuned on Seeking Alpha for live coverage in the afternoon. And it's far from a by-the-books affair: Disney is facing the most expensive proxy fight for board seats in history, on two separate fronts. Activist investor Nelson Peltz and his Trian Group have put forward Peltz and former Disney Chief Financial Officer Jay Rasulo for a pair of seats, with a full-court press for accelerating media profitability, reviewing the creative engine and clarifying long-term strategic focus -- while saying the board has blown its biggest responsibility, CEO succession. Meanwhile, Blackwells Capital is pursuing three board seats for Jessica Schell, Craig Hatkoff and Leah Solivan, to support media and content, real estate and strategic assets, and spatial computing and AI respectively. Blackwells has raised the prospect of splitting Disney ( DIS ) into stand-alone public compa
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