Activist Investor Nelson Peltz Plans Renewed Push for Board Seats at Disney: Report
variety.comWilliam Earl Activist investor Nelson Peltz has amassed a $2.5 billion stake in Walt Disney Co. and is preparing to make a second run at pressuring the company to grant him with board seats, the Wall Street Journal reported Sunday.
Peltz’s Trian Fund Management is responding to the steady slide in Disney shares, which are down about 16% for the year to date.
In January, Trian unleashed a targeted campaign to criticize Disney’s corporate management and recent under-performance of the stock.
Peltz pushed to have himself added to the Disney board. But by Feb. 9, Trian had reached a detente with Disney, which at the time was re-adjusting to the return of Bob Iger as CEO in November 2022, which followed a rocky nearly three-year tenure for Bob Chapek.
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