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Disney activist investor urges company to create CTO role, says company suffers from AI mediocrity

Yahoo Finance2024-02-26
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💫 Short Summary

Activist investors Blackwells Capital and Nelson Peltz are pressuring Disney to hire a Chief Technology Officer and prioritize AI strategy. They propose splitting off the hotel and parks business. Disney defends its current structure, emphasizing synergies. The shareholder meeting on April 3rd will decide the proxy battle's outcome.

✨ Highlights
📊 Transcript
Activist investors Blackwells Capital and Nelson Peltz urge Disney to appoint a Chief Technology Officer and focus on AI strategy.
02:01
The investors criticize Disney for its lack of technological advancement and suggest breaking up the company by spinning off its hotel and parks business.
Disney defends its synergy between business components and encourages shareholders to support the current board.
The outcome of the ongoing proxy battle will be determined at the shareholder meeting on April 3rd.