Trian Partners co-founder and major Disney shareholder Nelson Peltz formally launched his battle for board seats Thursday — pushing for the right kinds of changes to fix the entertainment giant’s problems and lagging stock price. Trian officially nominated Peltz and former Disney CFO Jay Rasulo as directors for consideration at the company’s upcoming annual meeting. … Read more
Activist investor Nelson Peltz. David A. Grogan | CNBC Disney and its investors are going to start hearing a lot from activist investor Nelson Peltz. In the coming weeks, Peltz’s Trian Fund Management plans to post on X, formerly known as Twitter, and add content to its website RestoreTheMagic.com as a crescendo to launching a … Read more
Assistant coach Dejan Milojevic and Kevon Looney #5 of the Golden State Warriors talk before the game against the Los Angeles Lakers during the Western Conference Semi Finals during the 2023 NBA Playoffs on May 6, 2023 at Crypto.Com Arena in Los Angeles, California. Noah Graham | National Basketball Association | Getty Images The National … Read more
Activist investor Nelson Peltz is stating his case for joining Disney‘s board. Peltz’s Trian Fund Management, in formally nominating Peltz and former Disney CFO Jay Rasulo to the media giant’s board of directors Thursday, made a list of initiatives and performance targets they’d pursue if elected. In a proxy filing, Peltz and Rasulo promised to … Read more
NEW YORK — CNN’s new chief executive says the company needs to recapture the “swagger and innovation” of its early days — and that, he says, increasingly means embracing a future outside of television. Mark Thompson, appointed CNN’s chief executive last fall after stints at The New York Times and BBC, outlined a strategy to … Read more
The new artificial intelligence era represents a huge moment for the tech industry that has not been seen in a decade, according to a top executive at Facebook parent company Meta Platforms. Reflecting on 2024, Nicola Mendelsohn, head of global business group at Meta, said it was important to talk about the potential for AI … Read more
SAN RAFAEL, Calif. — Ruth Ashton Taylor, a trailblazing journalist who was the first female newscaster to work in television on the West Coast, has died. She was 101. Taylor died Thursday at an assisted living facility in San Rafael, California, according to her family. No cause of death was released. “She died very suddenly,” … Read more
Former U.S. President Donald Trump attends the closing arguments in the Trump Organization civil fraud trial at New York State Supreme Court in the Manhattan borough of New York City, U.S., January 11, 2024. Shannon Stapleton | Reuters A New York judge on Friday ordered Donald Trump to pay The New York Times and three … Read more
The Google headquarters in Mountain View, California, Jan. 30, 2023. Marlena Sloss | Bloomberg | Getty Images Google cut several hundred jobs across the company late Wednesday night as it continues to push for efficiency and focus on its “biggest product priorities,” a spokesperson confirmed to CNBC. The layoffs will impact employees within Google’s hardware … Read more
Do AI companies need to pay for the training data that powers their generative AI systems? The question is hotly contested in Silicon Valley and in a wave of lawsuits levied against tech behemoths like Meta, Google, and OpenAI. In Washington, DC, though, there seems to be a growing consensus that the tech giants need … Read more
