We need a general tweet of the day thread
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Guess where it comes from!
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My Teamster-like Nun Principal - Sister Maureen - carried a baseball bat around the school.
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the extremism stand down is to make sure we have the right kind of extremism
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BidenBros meltdown!
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The woke/DEI rot runs deep. Huge Disney investors have stood by while Bob Iger destroyed a hundred billion dollars of Disney's market value to these investors that just voted to turn back a board proxy strike so woke Bob could continue to "Hire a chick and make her gay" approach to Disney's crown jewels and watch it all go down the toilet.
Disney's Inept Partisan Management Wins Proxy Fight;
Stock Value Immediately Falls—Disinformation Expert Ace
A new report claims that The Walt Disney Company and its board defeated Nelson Peltz and his Trian Fund Management following a heated and contentious proxy battle.
Reuters' Svea Herbst-Bayliss and Greg Roumeliotis report, "Walt Disney Co. has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz's hedge fund Trian Fund Management, people familiar with the matter said on Tuesday."
The duo added, "Enough votes had been cast as of Tuesday evening to put Disney's board directors safely ahead of Trian's two challengers, Peltz and former Disney chief financial officer Jay Rasulo, the sources said."
So they started leaking this last night.
They had also leaked that they were ahead in voting on Tuesday, leading mega-investor Bill Ackman to accuse them of attempting to manipulate the vote. His claim is that these leaks were intended to get big institutional shareholders to vote for Iger, subtly putting out the idea that Iger was going to win anyway so if you want him to return your phone calls in the future, you'd better vote for the terrible status quo.
Bill Ackman @BillAckman
There have been a few recent articles in the press about @Disney 'winning' its proxy contest with Nelson Peltz based on early election returns that have been leaked to the media. We don't have an investment in Disney, but I thought it useful to point out the inappropriateness of these leaks to the press.
Only the company and its advisors have access to how shareholders have voted before the day of the annual meeting. My understanding is that it is illegal to release the outcome of the vote prior to it being finalized as it has the effect of manipulating the outcome. Here, the company and/or its advisors have leaked that Disney is winning the contest. It is really inappropriate that they have done so.
And how does one know that it is Disney and/or its advisors that are the source of the leak?
If Peltz were 'winning,' there would be no leaks to the press.
The reason why the progress of an election for directors must be kept confidential until the results are final is that leaking the results can affect the ultimate outcome.
Institutional shareholders worry about offending management by voting with an activist. They are concerned that if management learns that they have voted against the incumbent directors, they may lose 'access' to management going forward. In other words, Bob Iger is less likely to come visit and/or take a call with a shareholder if the shareholder voted with the dissident.
This is clearly a close election. Institutions don't want to risk voting against the incumbent board if it is clear that the activist will lose. They want to be on the winning side of the election.
Here, the company and/or its advisors have leaked the early results in order to tip more institutions and other shareholders to vote for the incumbent board, unfairly tipping the scale in the incumbent board's favor. In other words, an institution may think: if Peltz is going to lose, it is not worth taking the risk of offending management by voting for him.
This is unfortunately not an uncommon practice. Years ago, in our proxy contest with ADP, the company and/or its advisors did the same thing.
The @SECGov should do a thorough investigation of this proxy contest and appropriately punish whoever is responsible for this miscarriage of shareholder governance and justice.
Companies of the caliber of Disney and/or its advisors should not behave this way.Lastly but importantly, I think highly of Nelson Peltz. I am sure he would be greatly additive as a member of the Disney board. Ask yourself, why is the company fighting so hard to keep him off? The fact that the company leaked the early returns to the media is further evidence that an activist of Nelson's caliber deserves to be on this board for all shareholders benefit.
Based on my knowledge of Nelson's capabilities and the dirty tricks implemented by the company and its advisors, I strongly recommend that shareholders vote for Nelson Peltz for the Disney board.
Institutions who have already voted still have time to change their vote. It is time that we make an example of Disney here so that this bad practice does not continue to poison shareholder democracy.
The stock price began falling as Disney leaked out that Iger's continued misrule was locked in:
Disney was hit by bad news this week. Same as every other week, then. Forbes got the British tax filings for the Indiana Joan movie and confirmed it lost more than $100 million.
While entertainment financial analyst Valliant Renegade has previously talked about how badly Indiana Jones 5 failed at the box office, Forbes' incredible journalist, Caroline Reid, has managed to confirm prior reporting by VR using just-released UK tax documents that finally put an end to speculation.
Indiana Jones and the Dial of Destiny failed to cover its costs at the box office according to financial statements released on Friday which show that Disney spent $134.2m more on making the movie than it is understood to have received in ticket sales.
-- Caroline Reid, Forbes
But it gets worse.Because Forbes is only accounting for the production costs, the number that Indiana Jones lost only grows when one considers marketing costs. Because marketing costs are not calculated by the UK tax documents, we can't know for sure exactly how much all of it cost when combined. However, it is safe to say that Disney likely paid at least $120M in advertising. When added together, this puts the total at probably at least $234M. That's not far off from prior projections made by That Park Place last year.
I'm very depressed so I will console myself with video of Sydney Sweeney at DisneyWorld.
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No tweet, but the amount of garbage and virtue signaling on Linked In is out of this world.
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I've gone on a reign of terror against all the green bullshit that pops up. A surprising to me amount of pushback in the comments on some of this stuff
Mark Cuban spent the week getting his ass kicked on X when he claimed DEI was about opportunity. When shown mountains of DEI stuff that calls for equality of outcome he moved a few goalposts and went but still
Like H or mello
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Rabies is real shit -
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No evidence at all! Remember the truck driver who told us about this via a sworn affidavit? Here is confirmation.
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we’re way past “no evidence at all” and have moved back to “you guys lost in court lol!!!”
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The court of public opinion is moving in the direction of there being some malarkey
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To “the deep state is cool and has to do some shit to protect democracy”
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Seattle 8
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@GrundleStiltzkin fucking doxxed himself
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More help for the US energy consumer. Replace all the US distribution transformers in five years. Leftards love to believe in unicorns. If there was a competitive ROI for new energy efficient transformers, there wouldn't be any need for a new regulation. And we wonder why electricity rates are going up instead of down. Greedy utilities according to Nobel Prize for Economics winning Buck.
Biden DOE Slaps Energy Efficiency Regulations On Key Power Grid ComponentsBY TYLER DURDENFRIDAY, APR 05, 2024 - 03:55 AM
The Bide administration has finalized energy efficiency regulations for distribution transformers, a key component of managing the flow of electricity between power stations and consumers.
In a Thursday morning announcement, the Department of Energy said that the regulations would help accelerate the green agenda as part of the administration's "commitment to tackling the climate crisis" (and causing more inflation).
The agency suggested that the move would save utilities and businesses over $824 million per year in electricity costs (once they come out of pocket for the 'necessary' upgrades).
"These standards are going to make America's power grid more resilient," said DOE Secretary Jennifer Granholm, adding "They'll support good-paying, high-quality manufacturing jobs, and they'll help us deploy more affordable and reliable and clean electricity more quickly across the country."
"It's going to provide critical, long-term certainty for domestic manufacturing and production investments – it's going to strengthen energy and economic supply chain security," she continued, adding "And it'll position American producers and workers to capture an evolving and growing market."
Granholm also emphasized that the energy efficiency standards will slash nearly 85 million metric tons of carbon dioxide, the equivalent of the combined annual emissions of 11 million U.S. homes.
Under DOE's regulations, energy efficiency gains will be achieved with 75% of the transformers on the market being manufactured with grain-oriented electrical steel (GOES) and another 25% being manufactured with amorphous alloy, a lesser-used electric steel core material. Manufacturers will be given five years to ensure total compliance with the regulations. -Fox News
The new standards are a scaled-down version of regulations first proposed by the DOE in January 2023, under which 95% of distribution transformers would have been required to be made with amorphous alloy, and manufacturers would have three years to comply.
The original proposal has been widely criticized by power providers and utility companies which said it's unrealistic, leading to bipartisan legislation introduced by Sens. Ted Cruz (R-TX) and Sherrod Brown (D-OH) which would require the DOE to preserve market opportunities for transformer manufacturers.
Brown said that GOES accounts for more than 95% of the domestic distribution transformer market, while amorphous steel relies on foreign materials, while there's just one small producer in the US. Therefore, per Brown, rapidly ramping up reliance on amorphous steel could create a vulnerability in the US power grid.
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This is super pronounced in places like LA and SF.
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How to deal with a bully.
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Crenshaw maybe a worthless RINO but nails this one. Party of Science strikes again. At least she isn't a flat earther so she has the dazzler's vote.
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it’s super pronounced in my neighborhood.
@pawz how many Teslas do you see driving around CH driven by 40yo foreign nationals with student driver bumper stickers on the back?
It’s a running joke where I live….
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Remember all the US officers and DOD officials who were dismissed over the Afghan drone strike that offed a family of 10 including 7 children? All the dismissals from the Benghazi debacle? All the dismissals for the Afghan "Leave Everyone and Everything Behind Bugaloo"? But yet, leftards voting for a dementia patient think the US has some sort of moral authority to tell the Israelis how to conduct their war in Gaza.
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Can’t control the border without the legislature passing bills according to Biden and The Party. Drive up energy costs? Stroke of the pen and it’s done.
Retards believe Democrats and that’s about it. The smarter ones know it’s all fiction but don’t care. We don’t have any of the latter group on the Tug.
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We don't have any in the latter group among the dems in Congress. The Republicans have Rand Paul with an actual MD who practiced medicine unlike Dr. Fow Chee. Unlike the dems in Congress and Fow Chee, Rand, DeSantis, Noem and the governor of Georgia actually knew more about pandemics than the CDC. Good for Rand and Co. bad for the CDC and the nation. Same with the nation's energy and immigratioin policy. Political hack morons are in charge with the full support of 81 million alleged dem voters and the Tug leftards.
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When Biden’s handlers really want something done, such as destroy the middle class they bypass the legislative branch and do things like raise energy costs with El Duce Biden’s signature stamp.
When they don’t want it done, like the border, they blame Congress and their media parrots it all so the ignorant masses blame Republicans.
It was the same thing with Obama.
“Stroke of the pen. Law of the land. It’s kinda cool.”
