Disney Responds to Peltz’s Proxy Fight by Claiming Ousted Marvel Chairman Has ‘Longstanding Personal Agenda’ Against CEO Bob Iger
variety.comTodd Spangler NY Digital Editor After activist investor Nelson Peltz announced his intention to renew his proxy battle to secure seats on Disney’s board, the company responded by alleging former Marvel Entertainment chairman Ike Perlmutter — who is in league with Peltz’s Trian Fund Management — has a personal grudge against Disney chief Bob Iger.
In a statement responding to Trian’s announcement, Disney said that Perlmutter “was terminated from his employment by Disney earlier this year and has voiced his longstanding personal agenda against Disney’s CEO, Robert A.
Iger, which may be different than that of all other shareholders.” Disney noted that Perlmutter owns 78% of the shares that Peltz’s Trian claims beneficial ownership of, and said, “This dynamic is relevant to assessing Mr.
Peltz and any other nominees he may put forth as directors.” Perlmutter could not immediately be reached for comment. A rep for Trian did not immediately respond to a request for comment.
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