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Brooklyn Beckham's billionaire father-in-law Nelson Peltz makes bid to 'restore Disney's lost magic'

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dailyrecord.co.uk

Brooklyn Beckham's father-in-law Nelson Peltz has made a bid for a seat on the board of Disney after accusing the company of wasting money.Nelson, 80, a billionaire investor who is vying to overhaul Disney after accusing it of wasting money over the last few years.

The father-of-three, who is worth $1.4billion (£1.1billion), accused the company of "poor governance".The businessman owns 9.4 million Disney shares via his company Trian.

They are valued at $900 million - which is roughly a 0.5% stake.His firm filed documents with the Securities and Exchange Commission on Thursday, publicly nominating Peltz as a director candidate.

Taking to social media, Peltz promised to bring "leadership mentality" to the Disney boardroom, which is currently ruled over by Bob Iger.

Read more on dailyrecord.co.uk
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