BottomBounce
3 weeks ago
$DIS "BREAKING: Senior Vice President at The Walt Disney Company details discriminatory hiring practices: "Nobody else is going to tell you this, but they're not considering any white males for the job," says Michael Giordano, a Vice President of Business affairs, "there’s no way we’re hiring a white male.” Giordano reveals Disney uses "code words and buzzwords" to avoid legal action and even mentions a candidate being rejected for not looking black enough. Giordano also admits Disney gives bonuses to executives for practicing Diversity, Equity, and Inclusion (DEI), agreeing that "diversity helps with financial incentives." Giordano further claims he’s been denied promotions due to his race. " BREAKING: Senior Vice President at The Walt Disney Company details discriminatory hiring practices: "Nobody else is going to tell you this, but they're not considering any white males for the job," says Michael Giordano, a Vice President of Business affairs, "there’s no way we’re… pic.twitter.com/IMOsFOLKro— James O'Keefe (@JamesOKeefeIII) June 20, 2024
$DIS
DiscoverGold
1 month ago
Activist investor Nelson Peltz sells entire Disney stake after proxy battle loss
By: Yahoo | May 30, 2024
Activist investor Nelson Peltz has sold his entire Disney (DIS) stake, according to a source familiar with the matter.
Peltz sold his position at a price of around $120 a share, which yielded a return of about $1 billion, the source said.
The development, first reported by CNBC, comes after Disney successfully fended off Peltz in his quest to secure board seats at the company, officially ending a highly contested proxy battle that plagued the entertainment giant for months.
Peltz had been fighting to secure board seats for himself and former Disney CFO Jay Rasulo but was ultimately unsuccessful. At the company's annual shareholder meeting in early April, Disney said the current board would remain intact following a stockholder vote that gave the company's slate a win "by a substantial margin."
Disney did not immediately respond to Yahoo Finance's request for comment.
Peltz's hedge fund, Trian Fund Management, had owned $3 billion of common stock in Disney (including the shares owned by former Marvel Entertainment chair Ike Perlmutter). The activist renewed a push to shake up Disney's board last year as the stock price hit multiyear lows.
At the time of the shareholder meeting, Peltz said prior to the announcement of the results that regardless of the outcome of the vote, Trian would be watching the company's performance.
"The long-term track record still remains disappointing," he said at the time.
Disney shares are up about 12% since the start of the year but have fallen roughly 15% since the company defeated Peltz in its proxy fight.
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DiscoverGold
JJ8
2 months ago
Unfortunately I don't have time to check but part of the many stocks in my port.
Furthermore, I had this investment taken as one for the long term.
Now, half of my profits have disappeared already.
Disney share price now under the SPREAD TRIPLE BOTTOM BREAKDOWN mode since 7-May-2024.
This is the reality currently. And I will keep it still a long term commitment.
Should it continue in this mode, I intend to buy more, as well. C'est La Vie, Mt. Blanc!
Cheers & Better Luck To All