Trian’s Disney Shares Have Gained $500 Million in Value So Far This Month. Why Is Activist Investor Nelson Peltz Still Unhappy?
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variety.comTodd Spangler NY Digital Editor Nelson Peltz, the activist investor who runs hedge fund Trian Partners, believes urgent change is needed at Disney.
He’s waging a proxy-fight battle to install himself and ex-Disney CFO Jay Rasulo as directors, a vote that will go up at Disney’s 2024 annual shareholders meeting April 3.
What does Trian want? “Fundamentally and crudely, we want the stock to go up,” Peltz says in a video on Trian’s Disney proxy-fight site.
Well, so far in February, Disney shares are up 16.2% — which has increased the value of the shares Trian controls by about $500 million.
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