For more than a year‚ activist investor Nelson Peltz has tussled with Disney executives in an effort to gain more influence over the company‚ culminating in an all-out proxy battle to secure two seats on the board. Based on preliminary results released on Wednesday‚ shareholders rejected Peltz’s advance‚ the company said. They also rejected Peltz’s attempt to win a seat for former Disney executive James Rasulo. Peltz’s firm‚ Trian‚ argued that Disney CEO Bob Iger has...

Disney chief Bob Iger prevailed in a bitter proxy battle with activist investors over the company’s board members Wednesday. The Mouse House garnered a “substantial margin” of support at its annual shareholders’ meeting‚ keeping its board of directors from relinquishing a board seat to Nelson Peltz‚ head of Trian management‚ and former Disney chief financial officer Jay Rasulo. Blackwells Capital‚ another hedge fund that nominated three board director candidates‚ was also unsuccessful in...

Wisconsin voters approved an amendment on Tuesday night‚ banning the private funding of elections in the swing state. The amendment directs that “donations and grants may not be applied for‚ accepted‚ expended‚ or used in…connection with the conduct of any primary‚ election‚ or referendum‚” according to the question phrasing that the Wisconsin State Legislature listed. Associated Press election results showed the ballot question passed by a 54.4 percent to 45.6 percent vote....

The Associated Press was able to determine that voters in Wisconsin had approved two constitutional amendments limiting how state elections are run and paid for after the measures supported by Republicans in the state outperformed former President Donald Trump’s 2020 performance‚ even in largely Democratic-leaning parts of the state. The AP determined that Question 2‚ which limits who can serve as election officials‚ passed at 9:41 p.m. ET‚ when votes to approve the measure led with 56% of...

A ballot measure in Wisconsin that bars the use of private funds in administering elections passed on Tuesday‚ according to a Decision Desk HQ projection.   The ballot measure received 54 percent support‚ according to DDHQ‚ with 98 percent of the vote reported as of Wednesday morning.   The measure asked Wisconsinites if the state Constitution should be amended “to provide that private donations and grants may not be applied for‚ accepted‚ expended‚ or used in connection...

President Biden held a phone call with Chinese President Xi Jinping for the first time since July 2022 on Tuesday‚ the White House announced. The White House has yet to offer details about the call‚ but Biden and Xi were expected to discuss Taiwan‚ narcotics‚ artificial intelligence‚ and China's support for Russia against Ukraine. The White House described the conversation as merely a "check-in" between the two leaders. Biden was not expected to bring up TikTok or the origins of...

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