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The family of Walt Disney has taken a stand defending The Walt Disney Company. What do you think of this?
Changes in Leadership
Over the past few years, we have seen a ton of changes within The Walt Disney Company. Changes have been happening in not only the parks, but in the company’s leadership. One of the most notable changes was Bog Iger returning as CEO after the departure of Bob Chapek.
Changes in the Disney Board itself have also been happening frequently during the past few years. In a January shareholder meeting, Disney disclosed Bob Iger’s salary along with 12 nominees for the board.
Disney went on to state, “The Board does not endorse the nominations of Nelson Peltz and James Rasulo put forth by Trian Fund Management, L.P. and its affiliates, led by Nelson Peltz and supported by former Disney executive Isaac Perlmutter (collectively, the “Trian Group”).
Walt Disney’s Family Takes a Stand
Now, according to a recent New York Times article, the family of Walt and Roy Disney are coming forward. Nine heirs to the Disney family are supporting Bob Iger and The Walt Disney Company.
“These activists must be defeated,” Roy P. Disney, 66, said by telephone. “They are not interested in preserving the Disney magic, but stripping it to the bone to make a quick profit for themselves.”
Abigail Disney also came forward by saying, “I have my differences with Bob Iger, but I know for a fact that the worst thing that could happen to the company is Nelson Peltz.”
Shareholder Meeting
More developments will surely come out as the company’s annual shareholder meeting is being held on April 3rd.
“I approach every day at Disney with a deep sense of respect for everything Walt and Roy created, and it is incredibly meaningful to have the support of their families,” Mr. Iger said in an email. “We are committed to protecting their legacy as we chart Disney’s path ahead.”
Disney CEO, Bob Iger
Bob Iger is also scheduled to participate in the Morgan Stanley Technology, Media and Telecom Conference on March 5th at 1:15 p.m. ET/ 10:15 a.m. PT.
What do you think of the family of Walt Disney coming forward to speak for the company? Let us know in the comments below or share this post with a friend.
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Marcy
Friday 1st of March 2024
Not sure how much I think of the Disney family now anyway in allowing all of the Disney “wokeness”. Some content and policies are definitely not in the best interest of children. Disney is definitely not what it used to be.
Disney Boy
Saturday 2nd of March 2024
@Marcy, I don’t know if it's wokeness or that the times are changing. Walt himself even believed in change so who knows what he would've thought about it. I do know he would he heartbroken about people saying bad things about his company though if I studied my Disney History right.
IDS
Friday 1st of March 2024
Walt Disney's family is not Walt Disney. They are leftist and evidently don't mind loosing billions of dollars for culture projects.