Valueact

ValueAct blames the four directors it is now seeking to remove for "governance failures", the letter said.

Disney chief executive Bob Iger said: “ValueAct Capital has a track record of collaboration and cooperation with the companies it invests in, and its co-CEO Mason Morfit has been very constructive in the conversations we’ve had over the past year.

In 2022, ValueAct's flagship fund fell 22%, a person familiar with the returns said.

ValueAct Holdings L.P. boosted its position in shares of Morgan Stanley by 11.2% during the 3rd quarter.

In a letter to investors seen by the Wall Street Journal and Reuters, ValueAct isn't demanding major changes at Citigroup.

In related news, Director Holdings L.P. Valueact sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th.