Shareholder Proxy Fights: Harvard’s Campus & Disney’s Boardroom 01/03/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 3 January 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Claudine Gay has resigned from her post as Harvard University President amid plagiarism allegations and pressure from Harvard’s donors. Crisis management expert Eric Dezenhall explains the shareholder mindsets of the university’s donors and the role they play in the future of higher education and the workforce. Another shareholder fight is underway at Disney; activists ValueAct and Blackwells are backing Bob Iger and Disney in the ongoing proxy battle with another activist investor, Nelson Peltz’s Trian. Plus, the family that went viral for their “Christmas Jammies” video in 2013 has amassed millions of followers across platforms since then. Kim and Penn Holderness discuss how they turned a family music video into a business with 7 revenue streams, joining the rising tide of the creator economy. Eric Dezenhall - 17:30 Kim & Penn Holderness - 25:05 In this episode: Kim Holderness, @KimDHolderness Penn Holderness, @pennholderness Becky Quick, @BeckyQuick Robert Frank, @robtfrank Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pod.
0:08.0	A story is so big, Andrew Ross Sorin dialed in from vacation,
0:13.4	Disney getting a win from one of its smaller shareholders
0:16.5	to ward off the billionaire activist
0:18.2	stakeholder Nelson Peltz.
0:19.8	This is an early win, again, symbolic more than anything else.
0:24.1	And the other big one today,
0:25.2	Harvard President Claudine Gay resigning
0:27.4	from her post amid plagiarism allegations
0:29.6	and pressure from university donors.
0:31.6	It was really taking that Wall Street playbook rather than saying,
0:34.8	I don't like this company, I'm not going to invest in it.
0:37.2	It's saying, I'm going to give them money and I'm going to exercise my control and my vision.
0:41.5	Digging into that shareholder perspective
0:43.9	with crisis expert Eric Desenhall.
0:46.1	I don't think what you're hearing now
0:48.0	is how do we further rule the world?
0:50.3	I think it's why haven't we been doing something like this sooner.
0:54.4	Plus viral fame from Christmas jammies.
0:58.0	We had no idea that people made money doing this.
1:01.6	Kim and Penn Holderness on their influencer income.
	...

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