Disney Wars: Attack of the Activist Investor
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 16 February 2023
⏱️ 18 minutes
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| 0:00.0 | Disney has been on a bumpy ride over the past couple years. |
| 0:09.2 | Our call at Robbie Wheelan has been covering it. |
| 0:12.6 | If Disney were a person on a haunted theme park ride, what would be some of the scary |
| 0:18.4 | things that would be popping out of the bushes and making Disney scream? |
| 0:24.2 | Yeah, imagine Disney is the cart rattling through the Indiana Jones adventure. |
| 0:32.3 | And it's going along and suddenly the lights go dark. |
| 0:38.4 | And then you start seeing various boogie men jumping out from behind a wall and saying |
| 0:43.0 | boo. |
| 0:45.8 | Disney has faced one boogie man after another. |
| 0:48.3 | It got in a fight with Florida Governor Ron DeSantis over the state's so-called don't |
| 0:53.2 | say gay law. |
| 0:55.0 | A couple of its animated films bombed at the box office. |
| 0:59.2 | Fans are upset that Disney raised theme park prices twice last year. |
| 1:03.8 | Disney's stock has fallen dramatically. |
| 1:06.2 | And late last year, the company fired its CEO. |
| 1:11.0 | And Disney's most recent scare came from a man named Nelson Peltz. |
| 1:16.0 | He's what's known as an activist investor. |
| 1:18.8 | What it means is he buys up big stakes in companies and then he advocates for change either |
| 1:23.7 | by joining the board himself or by suggesting people to be added to a company's board of |
| 1:29.0 | directors who he thinks will make changes that will improve the company's business. |
| 1:34.2 | This is exactly what Nelson Peltz wanted to do with Disney. |
| 1:37.6 | Shake it up. |
... |
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