Trian presses Disney to replace board member Michael Froman with Nelson Peltz
Publishing timestamp: 2023-02-02 15:15:02
Summary
Activist investor Trian is pushing for votes to put Nelson Peltz on Disney's board and remove Michael Froman. Trian holds 9.4 million shares of Disney and has argued that Disney shareholders have lost out in value due to "weak corporate governance". Disney's board has responded by defending CEO Bob Iger's past acquisitions and saying that Peltz lacks the skills to drive shareholder value. Mark Parker of Nike has been appointed as the new chairman of the board.
Sentiment: MIXED
Keywords: mastercard inc, media, business, nelson peltz, nike inc, walt disney co, business news, markets,
Source: https://www.cnbc.com/2023/02/02/disney-pressured-to-replace-michael-froman-with-nelson-peltz.html