Walt Disney (NYSE:DIS) Reveals Board Nominees
Market News

Walt Disney (NYSE:DIS) Reveals Board Nominees

Story Highlights

Walt Disney has revealed its official list of the 12 board nominees. Also, the company disclosed that it paid $31.6 million to Iger in total compensation for 2023.

In an SEC filing, The Walt Disney Company (NYSE:DIS) revealed the names of its 12 nominees that it plans to add to the company’s Board of Directors. Furthermore, the company disclosed that its CEO, Robert A. Iger, was paid $31.6 million in total compensation for 2023.

The new additions to the board include D. Jeremy Darroch, former CEO of Sky, and James P. Gorman, CEO of Morgan Stanley Wealth Management. Meanwhile, DIS has again nominated Mark G. Parker, former executive chairman of Nike (NKE), as Chairman of the board. Other notable nominated members include current CEOs of several top companies, including General Motors (GM), Oracle (ORCL), and Lululemon Athletica (LULU).

Proxy Battle with Activist Investors

In a notable move, the board formally declined the nominations of activist investor Nelson Peltz and former DIS CEO James Rasulo. Additionally, the board has requested its shareholders not to cast their votes in favor of the nominees proposed by Blackwells Capital.

Disney’s board cited Peltz’s limited experience in the media or technology sector as the key reason for excluding him from the nominee list.

Is Disney Stock a Buy or a Hold?

Overall, DIS has a Strong Buy consensus rating based on 16 Buys and five Holds. The average Disney stock price target of $107.89 implies 16% upside potential. The stock has gained nearly 9.1% in the past six months.



Price Change
S&P 500
Dow Jones
Nasdaq 100

Popular Articles