Disney's board is in focus as activist investor Nelson Peltz considers his next move
Publishing timestamp: 2023-11-08 08:39:18
Summary
Nelson Peltz, an activist investor, is waiting for Disney's quarterly earnings report before deciding whether to make a move. Peltz's Trian Fund Management has oversight of about $2.5 billion of Disney shares and may call out Disney's share underperformance and lack of accountability in grooming a successor to CEO Bob Iger. Peltz wants to be added to the board without going through the nomination process. If Trian moves forward with a proxy fight, it will likely attack Disney's sagging share price. The article also mentions the struggles of the legacy media industry and Disney's board's difficulty in grooming a successor to Iger. Peltz may need to push for specific ideas or financial engineering to sway Disney shareholders to vote for him or other board members.
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Keywords: business news, procter & gamble co, entertainment, general motors co, business, lions gate entertainment corp, paramount global, breaking news: business, comcast corp, amc networks inc, warner bros discovery inc, walt disney co, media, technology,
Source: https://www.cnbc.com/2023/11/08/disney-dis-board-in-focus-ahead-of-q4-earnings.html