Walt Disney has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz’s hedge fund Trian Fund Management. Enough votes had been to put Disney’s board directors safely ahead of Trian’s two challengers, Peltz and former Disney chief financial officer Jay Rasulo, sources told reuters. Blackwells Capital, another hedge fund […]

Hugh F Johnston has been named Senior Executive Vice President and Chief Financial Officer (CFO) of The Walt Disney Company effective December 4th. Johnston is Vice Chairman and CFO of PepsiCo, where he has held numerous leadership positions during a 34-year career with the multinational food and beverage giant. As Disney’s CFO, Johnston will report […]

It is reported ESPN has held talks with some of the most powerful leagues in US sports, including the National Football League, the National Basketball Association and Major League Baseball, about taking a minority stake in its business. The Walt Disney owned network has had exploratory talks with the leagues as it tries to figure […]