Disney board exposed itself to activist intervention, but Peltz may be overreaching
Publishing timestamp: 2023-01-12 16:39:22
Summary
Activist investor Nelson Peltz spoke with CNBC about why he wants a Disney board seat. He argued that Disney's stock performance and M&A decision-making have been poor, and that the company has failed to plan for CEO succession. He noted that Disney's share price has been down since 2021, and that other media stocks have also seen a slump. Peltz's best argument should focus on Disney's missteps with succession planning.
Sentiment: MIXED
Tickers: NFLX, DIS, WBD, PARA,
Keywords: walt disney co, media, warner bros discovery inc, paramount global, netflix inc, business news, technology, breaking news: business,
Source: https://www.cnbc.com/2023/01/12/disney-peltz-succession-plan-iger.html