The Battle for Disney With Professor Jeffrey Sonnenfeld

The Compound and Friends

Josh Brown

Investing, Business News, News, Business

4.7 • 2.2K Ratings

🗓️ 6 February 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Downtown Josh Brown and Professor Jeffrey Sonnenfeld for a live discussion about the coming shareholder fight for the soul of Disney. Will Nelson Peltz and the activist hedge funds have their way or will CEO Bob Iger hold them at bay? Who should and should not be on the board of directors of Disney this year? What will the outcome of the proxy vote mean for stockholders? Hear from one of the leading authorities on shareholder activism and corporate board, Yale Professor Jeff Sonnenfeld. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:17.4	All right. It's downtown Josh Brown. Welcome to the compound. Tonight we are doing the battle for Disney and man do I have an illustrious guest to help me figure out what's going on. So I assume many of you out there are
0:28.0	shareholders in Disney. Even if you don't know you are, you probably are by virtue of your mutual funds, your index
0:35.2	funds.
0:36.8	But many of you are shareholders and you have been for a long time, and this has been a battleground
0:41.6	stock and it hasn't always been that way.
0:44.0	But right now there's a lot happening and here to talk about it is Professor Jeff Sonnfeld.
0:49.0	Jeff is currently the Senior Associate Dean for Leadership Studies and the Lester Crown Professor
0:55.2	in Management Practice at the Yale School of Management. Jeff is also the founder of the Chief Executive
1:00.4	Leadership Institute, a non-profit educational and research
1:04.3	institute focused on CEO leadership and corporate governance.
1:08.5	Professor, thank you so much for joining us this evening. I appreciate it.
1:11.8	Oh wait, we're muted mute mute
1:14.3	and nagger oh great now we got I never shy either so that was a moment of
1:19.8	frustration he said that's the most silence we're to get out of Jeff the entire the entire experience I promise you
1:25.8	I know so many people would love to mute me too I think my wife must have hit that button when I wasn't looking
1:31.1	So Jeff your your bio is extremely long and I've I've truncated it but suffice to say
1:39.3	you are considered one of the foremost authorities on things like CEO succession and shareholder
1:48.4	activism and how boards of directors deal with activists and you've written eight books, over a hundred articles,
1:57.0	you've got a column at Fortune, people have seen you on CNBC.
2:00.4	Is this particular battle something that you feel has been a long time coming or were you
2:08.6	surprised because a year ago it looked as though Disney had fought off Nelson Peltz and Tryan and he was
2:17.1	going to go away and the company was going to write the ship and then a year later here
	...

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