Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition
Publishing timestamp: 2023-01-12 14:25:09
Summary
Nelson Peltz of Trian Fund Management appeared on CNBC to discuss his proxy fight with Disney. Trian believes Disney has "lost its way resulting in rapid deterioration in its financial performance." Disney recently named Mark Parker, executive chairman of Nike, its next chairman. Trian owns about 9.4 million shares valued at approximately $900 million. Peltz wants to be on the board to get access to internal numbers and tell other members if they're missing out on opportunities. Disney is facing a proxy fight as Trian pushes for a seat on its board.
Sentiment: MIXED
Keywords: walt disney co, comcast corp, mark parker, media, business, entertainment, nelson peltz, nike inc, bob iger, business news, markets,
Source: https://www.cnbc.com/2023/01/12/nelson-peltz-talks-disney-proxy-fight.html