Disney slams Peltz for lack of media experience, but its board is light on it, too
Publishing timestamp: 2023-01-18 15:19:32
Summary
Disney rejected activist investor Nelson Peltz's request to join board this month due to his lack of media industry expertise. However, almost all of Disney's current board members don't have media and entertainment experience either. Peltz's strongest claim for board seat is probably ensuring that succession planning finally happens in organized and coherent way. Disney may want to make broader changes to its board to bring on several other people who can navigate complicated and rapidly changing industry.
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Keywords: general motors co, lululemon athletica inc, walt disney co, media, business news, mastercard inc, breaking news: business, technology, oracle corp,
Source: https://www.cnbc.com/2023/01/18/disney-peltz-proxy-fight-board-also-light-on-media-experience.html