I wish this subreddit allowed for polling because I am interested in finding out how many believe Peltz will pull it off and how many believe he won't.
Iger got the support of Glass-Lewis, Jamie Dimon as well as high profile shareholders like George Lucas, Paulline Jobs, Eisner and the Disney family. On the other hand Peltz got ISS, Perlmutter, Ancora and some directors from companies he sat on in the past.
The Stock rally had been an impressive 34% YTD compared to S&P's 9%, Disney's stock performance is its best Calendar Q1 since the year 2000 (Forbes). The stock is 50% up from 5 months ago and the outlook and guidance are extremely positive; the market is bullish.
Disney stock is close to 70% owned by institutions and those led the rally. UBS and Forbes classify Peltz winning this as a risk that might undermine Iger-led recovery of the company while others believe it's additive.
Known figures (Reuters); Vanguard 8%, BlackRock 6.6%, State Street Global Advisors 4.13%, Geode Capital 1.9%, Trian 1.76%, State Farm Insurance Companies 1.75%, Norges Investment 1.17%, Bob Iger 0.13%, Other board members 0.01%.
We also know (CNBC): George Lucas is the largest current individual investor in Disney having 37 million shares; Pauline last reported in 2016, 63 million shares; Eisner on stepping down in 2006 had 1.3%.
With this whole saga wrapping up for the meeting April 3rd, who do you see winning and what's the impact on the stock?
