Glass Lewis endorses Walt Disney's board members, opposing hedge funds' calls for new directors.

Proxy advisory firm Glass Lewis endorsed Walt Disney's board members, urging shareholders to re-elect all directors. This comes as a blow to Trian Fund Management and Blackwells Capital, hedge funds that argue for new board members to revitalize Disney. Glass Lewis asserts that recent earnings reports indicate Disney is making progress and that the hedge funds have not proposed better ideas for improving operations.

March 18, 2024
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