Bob Iger might want to order more ulcer medication. The richest man in the world, who had choice words for the Disney CEO at a New York Times summit, was just publicly embracing the man waging a proxy war for control of The Walt Disney Company.
Lola went “loca” today, but not for the typical Hollywood reasons one might expect on a red carpet. Instead, it could be that Disney CEO Bob Iger is seeing red after a — surely — orchestrated public display of comradery was had between Nelson Peltz and Elon Musk. The latter is, of course, the man who famously told those companies boycotting X (formerly Twitter) for advertising money that they could “go f*** yourselves”. He then turned to the crowd and said, “Oh, hello, Bob…” which was a reference to Disney CEO Bob Iger, the man who had just moments earlier spoken in condescending tone about Musk and his behaviors.
Meanwhile, Nelson Peltz is the largest private shareholder of Disney stock, as well as the head of Trian — an activist investment fund looking to shore up two board seats on the Disney directorship. That’s in contrast to what Disney officially wants as the board has not recommended Trian’s proposed board members who will be up for ballot vote come April. Trian wants both Nelson Peltz and former Disney chief financial officer, Jay Rasulo, on the board. And Trian has not been subdued with their criticisms of the current board, as well as current Disney management.
https://twitter.com/RestoringMagic/status/1747982172760277372
But perhaps the biggest bombshell of Elon Musk joining Nelson Peltz on the red carpet of Selena Gomez’ Lola film was his hinting that he was “with friends” and thinking about “companies to acquire”. If there’s anyone who has the pockets deep enough to actually help Peltz take control of Disney, it’s Elon Musk. And there’s little doubt in the timing of all this considering the next earnings call for The Walt Disney Company is later this week. It’s hard to imagine Bob Iger having the earnings call now without even a question about this possibility.
Dropping bombs like… pic.twitter.com/qdcBCq7kQ0
— Scott (@ScottPolhamus) February 4, 2024
If you’re looking for the full-on embrace of said “friends”… look not further than Musk and Peltz with arms around each others’ shoulders for a photo op together. Again, at this level of society, these things and the time of said things are never coincidental in this author’s opinion.
Elon Musk at the premiere of Lola in Los Angeles today. pic.twitter.com/BgCanOUl8X
— DogeDesigner (@cb_doge) February 4, 2024
This public appearance of the two most prominent men wishing for a change at Disney comes just six days after Musk had called for leadership change at Disney. The CEO of SpaceX and Tesla said current leadership of the company was destroying it. Said statement seemed to be prompted by a new disclaimer Disney has placed on the animated classic “Aristocats” which now maligns the movie as featuring inappropriate content by today’s standards. There are currently many pieces of classic Disney content which have these disclaimers forced upon viewers prior to enjoying the movie. It is as if Disney hates its own legacy.
Current Disney management is destroying the company. Time for change.
— Elon Musk (@elonmusk) January 30, 2024
It has yet to be seen if Elon Musk will buy shares of Disney or help Nelson Peltz acquire more for his voting power. If Musk were to help, he has such deep levels of resources that he could even potentially help engineer a hostile takeover of the company. After all, Musk’s net worth just as an individual is greater than the entire net worth of Disney… and one doesn’t have to even come close to reaching half in order to orchestrate a group of partners coming together to take power. Given what Musk has done at Twitter, it is likely that he and Peltz would be interested in moderating Disney and having the company cease divisive content production.
If the two were able to get Disney back on track, there’s no telling what the stock price would do. Likewise, it’s hard to say what would happen to the overall stock of the company if Musk were actively telegraphing he might take interest in buying his way into control of Disney. The stock under Disney was near $200 when Bob Chapek was CEO, so who knows what the ceiling might be?
One thing is for sure: the earnings report this week and the shareholders’ meeting in April just became much, much more fascinating.
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If Lucasfilm wants an era where it has success like the Infinity Saga then I hope I’m allowed to pitch my plan.
Elon will cause the stock price to go over $100, which isn’t what’s it’s worth. He overpaid for Twitter, now X, by $10 Billion. He might be rich, but investing is still a risk.
Even if they do take over, the turnaround on projects is so long that it would take years before you see non-garbage content. Also, they would need to fire almost everyone. lol
Its easier than you think. Star with Books. Do Book Projects & Book Canon with book authors fans want. Then move into other areas perhaps a proper KOTOR remake etc. Trust can be rebuilt quickly. Also make a deal with George & finally release The Original Trilogy Original Version
“on the red carpet of Selena Gomez’ Lola film ” it was actually Peltz’ daughter’s film.