MDB Capital President and Chief Marketing Strategist Lu Basnees joined the ‘Cavuto: Coast to Coast’ to discuss Disney’s recent turnaround.
A shareholder seeking proposal For Disney The Human Rights Campaign (HRC) went up for one vote on Thursday at an annual meeting of the entertainment giant to reconsider the participant in the corporate equality index – and the Stockholders voted widely against it.
Disney has long been a participant in the Corporate Equity Index, describing HRC “corporate policies, national benchmarking tools on practices, and relevant benefits for lesbian, gay, bisexual, transgender and quarred employees,” the most recent 100 ratings for this year’s index.
Only 1% of the shareholders voted to support Disney’s proposal to prevent HRC’s corporate equality index from participating in the corporate equality index, according to an initial tally declared on Thursday.
Burbank, entrance to Walt Disney Studios in California, August 6, 2018. (Lucy Nicolson / File / Reuters Photos)
HRC’s Corporate Equality Index Survey included over 1,400 companies this year, the HRC website indicated.
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The board of entertainment giants had advised to “vote against this proposal” in the Securities and Exchange Commission (SEC) filing for its stockholders, which is a leader for the meeting.
The reasons provided by the Disney Board for their stance were believed that it would “not provide additional value to shareholders” and that the company “provides transparency on a wide range of important cases for shareholders through participating in external surveys.”
The national The Center for Public Policy Research carried forward the proposed measures for Disney to retreat from the HRC index.
From July 13, 2021, a 3D printed Disney logo has been seen in front of ESPN+ logo. (Dado Ruvic/Illustration/File Photo/Reuters)
It argued that Disney’s participation in such divisive political issues has separated the segments The audienceAnd damaged the company’s share price. This urged investors to support the proposal, which states that it provides an opportunity for Disney “to return to the neutral.”
HRC has seen some large-name companies withdrawing from their corporate equality index in recent months, including Ford, Harley-Davidson and Lowe.
Disney shareholders also cast their vote on several other items in the annual meeting.
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Each one of the directors of entertainment giants won the election again on his board. Its board includes James Gordeman, Mary Barra, Amy Chang, Jeremy Daroch, Caroline Evern, Michael Fran, Bob Igar, Maria Elena Lagomasino, Calvin McDonald and Derica Rice.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| District | Walt Disney Cum. | 98.85 | -1.45 |
-1.45% |
The shareholders rejected the proposal to publish a report as to how its retirement plan protects the beneficiaries of the investment scheme from investing in higher carbon companies.
Investors voted against a resolution, which asked Disney to release a report to evaluate how it evaluates the risks related to discrimination with advertising buyers or vendors based on their political or religious views.
Walt Disney Company’s logo smartphone is displayed on the screen. (Photo illustration through jaque silva/sopa images/lightrocket/Getty image)
Disney’s investors also dismissed a proposal, calling the company a politically neutral advertising policies.
Record -sheer holder According to Disney’s proxy statement, they were eligible to cast their votes in the annual meeting on 21 January.
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After Disney’s release, the annual meeting was about one and a half months Its financial results For the first quarter.
Entertainment giant produced $ 24.96 billion in revenue during the first quarter of FY 2025. Meanwhile, its net income was $ 2.55 billion.
Reuters contributed to this report.
