Allegations of ValueAct Receiving Substantial Fees from Disney Before Backing Management in Proxy Fight

Tuesday, 12 March 2024, 03:10

In a recent development, activist investor Blackwells Capital claims that ValueAct, led by Mason Morfit, received a significant $95 million in fees to oversee Disney's pension funds before extending support to the company's management. This revelation sheds light on the intricate financial dealings preceding the proxy battle decision, raising questions about the transparency of such arrangements within corporate governance.

https://store.livarava.com/6d0b2076-e025-11ee-9662-5254a2021b2b.jpe — Allegations of ValueAct Receiving Substantial Fees from Disney Before Backing Management in Proxy Fight

Blackwells Capital's Allegations:

In a recent statement, Blackwells Capital disclosed that Mason Morfit's ValueAct benefited from substantial fees amounting to $95 million for managing Disney pension funds.

Proxy Battle Background:

ValueAct's collection of these fees occurred before its decision to support Disney's management in the proxy fight, as revealed by the activist investor.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Blackwells Capital's Allegations:

Proxy Battle Background:

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