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disney activist investor Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

Why is Disney battling activist investors a 'distraction'?

Disney's battle with activist investors comes at a pivotal time for Disney, as the company is trying to reinvigorate its creative franchises, make its streaming business profitable and find partners to help build ESPN's digital future. Chief Executive Bob Iger has called the activist campaigns a "distraction."

Who is Disney's biggest investor?

Trian still remains one of Disney’s largest institutional investors with a 1.7% stake in the company worth $3.2 billion. Trian declined to comment and Disney did not immediately respond to Forbes’ request for comment.

Will Disney shareholders revolt against Bob Iger?

Disney has 1.8 billion shares outstanding as of Feb. 5. Moreover, even with a two-year stock slump, there seems to be very little danger of a broad shareholder revolt against CEO Bob Iger. He’s too closely associated with the cloak of invincibility.

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