of course, mr. peltzent take on it he also has a different take on -- well, on the total shareholder return that disney has been able to put up. a reason he cited for why he wants to be present on that board. take a listen. >> we have skin in the game. you know, we looked at a company and we looked at disney and we say that this is the most advantage consumer company on the planet and we love it that's the reason why we're here however, the tsr, the total shareholder return, over one, three, five, ten years has particularly underperformed the s&p and underperformed the proxy peers that the companies selected. >> disney takes issue with that. in fact, in their deck, in their presentation, they take a look at the total shareholder return, morgan, under -- during the period that bob iger was ceo essentially 2005 to 2020, 554%, that does include both price appreciation and dividends far exceeding the s&p and far exceeding pretty much every company in their universe. thankfully, comcast is not that far behind,

chapek but that apparently wasn't enough to satisfy mr. peltz. we'll learn more from him, i assume in the not too distant future what it is he after mainly getting on the board. that is currently 12 people. it's going to go down to 11 because susan arnold will step down she will be replaced by mark parker as the company's chairman, of course, the man in the middle is bob iger longtime ceo who stepped back into the role after roughly a three-year absence from that role, not quite. and is tasked with, you know, fighting off or helping to fight off mr. peltz, although much of the board, the new chairman or the existing chairman will be part of that effort and leading this company, of course, that he's only been back at for what has it been, two months? not even, that long and again, melissa, trying to understand what it is that peltz is after will be a key thing here you know, he i believe is fairly close -- used to run marvell and has been a thorn in iger's side, it wouldappear for some time costs will be important here he'll be focused on the lack

but obviously, not enough for mr. peltzo wants a presence on that disney board >> but david, you know, i remember talking to mr mr. mcenerny nelson talked to a dozen, multiple times i remember speaking to jim, and he said, i've talked to nelson how many times i don't know this board has not truly engaged. >> you can read the background, at least from trian and you can see there was not a great deal of engagement, carl. >> but the 45 minutes as opposed to 30. >> that was good jim, you mentioned boeing a moment ago we did get that upgrade. >> nice, from credit suisse. >> they talk about not just the order deliveries -- by the way, they're going to neutral from a sell, but they talk about china letting in australian coal once again, maybe a good sign for boeing getting access. >> i agree that. by the way, american airlines, fantastic interview this morning with phil lebeau the airlines are doing incredibly well. they're flush. the chinese might be coming back, looking at the max this may be in spite of itself, obviously, becau

parker to invite mr. peltz on the board. fight is exactly what this company does not need right now this is execution phase. i want them executing driving the profitability and screening and making sure they continue to come back to the parks even as headwinds may or may not arise economically this year i want execution i don't want drama the problem with what i want i'm unlikely to get it there's some major egos involved here, and i don't think anyone is going to rollover and show their bellow here. >> quote, peltz's push despite the disney board's objections has merit and could help disney shares you heard peltz say he loves the company and they've got a crisis on their hands >> i think one of the problems right here is that iger has never presided over consolidation. he built the company with a lot of acquisitions. it was great for all the years of marvel, pixar, lucas films, and then fox there was a slow down in the first three in terms of output and profitability. and he doesn't want to share a stage with somebody like

. >> mr. peltz kept bringing it back to total shareholder return that's a simple chart, one we have been looking at for many months, many years he's not looking to replace bob iger but when david faber pointed out iger is seen on wall street as one of the great ceos, why wouldn't he have confidence in him, peltz pointed back to toter shareholder return, asking how can you be one of the great ceos of our generation and underperform in terms of this metric so badly? when you look at this chart, look at that middle bar, very important. that's the company's proxy peers. that is not selected by peltz, it is selected by disney itself. it includes comcast, at&t, alphabet, amazon so jon, in a way, this really kind of proves nelson peltz's point and maybe begs the question, which i know some don't even want to intertate, is bob iger one of the great ceos >> great at what i think is the question let's dive deeper into the proxy battle and what might happen next bring in niems columnist jim stewart who wrote t

on this he says on november 22nd, he contacted one who informed she was not permitted to speak to mr. peltzs a long-time coming the complaints are what you listed the stock under performed on the ten-year basis and one-year basis. going back all on these things it was not a successful situation for a new ceo. not a successful search. this sounds like a long boiling frustration on nelson's part which is why he is seeking a seat on the board. >> that raises the question because i didn't know the timing of it. i suspected whether you believe, jim, when they gave the job to bob iger, they felt pressure from peltz or others it wasn't they were just unhappy from chapek or thought something else was amiss or a'comin', if you will. >> they would have felt pressure within peltz involvement what was the pressure? what was going back and forth with chapek and peltz? what is the relationship now i have no idea if there is one, if there was a conduit there established, that would be very interesting. >> we need to find out what we need to know is how much bob chapek shared with the board of disney and n

mr. peltz about a gentleman in his 90's, rupert murdoch. if i was having coffee with you and gordon, i would say what is the outcome for the murdock empire five years from now? how do you visualize that? jessica: i think rupert murdoch has proven to be the smartest person in hollywood. he sold at the peak. and the assets he kept are the live assets. live news, live sports. they are doing very, very well. second they are not losing billions of dollars in streaming like others. fox is in a very different position because they are much smaller. they have bite size. they could be broken up. they have a great balance sheet. they could buy something. they are in a completely different position than the other companies that you mentioned. whether disney or paramount. or comcast with nbcu. jonathan: this might sound like a rant. we were having this round early this morning. this is meant to improve the user experience. it hasn't. it was meant to be cheaper. it isn't. jessica, it's becoming increasingly