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Activist Investors Nelson Peltz and Jay Rasulo Win Support from CalPERS for Disney Board Shake-Up

Los Angeles, California – The California Public Employees Retirement System (CalPERS) has made a significant decision to influence the makeup of the Disney board. The pension fund, managing over $465 billion in assets, has backed the election of activist investors Nelson Peltz and Jay Rasulo. This move comes after a prolonged battle between Peltz, Rasulo, and CEO Bob Iger, as well as the existing board of directors. CalPERS, a major shareholder with approximately 6.6 million …

Disney board battle sees US pension fund CalPERS backing Peltz and Rasulo

Sacramento, California – The US pension fund CalPERS has lent its support to Nelson Peltz and Jay Rasulo in their bid for seats on Disney’s board of directors. This backing comes as part of an ongoing battle for control over the entertainment giant’s leadership. CalPERS, one of the largest pension funds in the United States, announced its decision to support Peltz and Rasulo, citing their strategic vision and experience in the industry. The move is …

CalPERS Elects Trian Fund Management Candidates to Disney Board Amid Corporate Control Battle

NEW YORK, United States – The California Public Employees Retirement System (CalPERS) recently made a significant decision in the business world by electing activist investment firm Trian Fund Management’s two director candidates to Walt Disney’s board. This move comes amidst one of the most closely watched battles for corporate control. CalPERS, a major shareholder in Walt Disney Co, believes that the addition of Nelson Peltz and Jay Rasulo to the board will bring fresh perspectives …

CalPERS Seeks External Chief Investment Officer After Dropping Returns

Sacramento, California – As the largest US public pension fund seeks a new chief investment officer, the California Public Employees’ Retirement System is in the process of evaluating external candidates. This decision comes after a period marked by underwhelming returns and frequent changes in leadership within the organization. Among the individuals being considered to oversee CalPERS’ substantial $490 billion portfolio is Jonathan Grabel, the current Chief Investment Officer of the Los Angeles County Employees Retirement …

Exxon’s Escalating Battle with Investor Activists: CalPERS Opposes Board Over Climate Change Suit

Houston, Texas – Exxon Mobil is facing increasing resistance from activist shareholders, particularly CalPERS, over the company’s approach to environmental, social, and governance (ESG) issues. The tension between the energy giant and CalPERS has escalated in recent months, with the pension fund voicing strong opposition to Exxon’s board of directors’ handling of climate change matters. CalPERS has taken a bold stance against Exxon Mobil, criticizing the board’s response to climate change and its impact on …

Exxon Mobil Under Fire: Calpers to Vote Against All Directors in Shareholder Rights Battle

Sacramento, California – The California Public Employees’ Retirement System, known as Calpers, is taking a firm stance against Exxon Mobil Corp. by announcing its intention to vote against all of the company’s directors. This move comes after Exxon sued climate-focused investors, sparking a debate over shareholder rights within the oil industry. Calpers CEO Marcie Frost expressed concerns about Exxon’s actions during a press conference, emphasizing the importance of shareholder rights. The pension fund, managing approximately …

CalPers Opposes ExxonMobil Board Over Climate Lawsuit Involving Shareholders

Sacramento, California – CalPers, the largest state pension fund in the United States, announced that it will be taking a stance against ExxonMobil in their upcoming annual meeting. The fund plans to oppose the entire board of directors as well as the re-nomination of the company’s CEO due to a climate change-related lawsuit filed by Exxon. The statement released by CalPers on Monday expressed concerns over Exxon’s decision to sue activist investor groups, Follow This …