Activist investor Nelson Peltz launches Disney proxy fight, seeks multiple board seats
Publishing timestamp: 2023-11-30 12:31:50
Summary
Activist investor Nelson Peltz and his firm Trian are seeking seats on Disney's board, leading to a potential proxy fight. Disney suggests that the fight stems from a personal grudge held by one of Peltz's allies, while Trian claims that the board has overseen significant value destruction. Disney recently added new members to its board in an attempt to fend off Peltz's challenge. Peltz had previously pushed for a seat on Disney's board but backed off after the company announced restructuring.
Sentiment: MIXED
Keywords: breaking news: business, business news, walt disney co, bob iger, business, nelson peltz, media, morgan stanley, james gorman, entertainment,
Source: https://www.cnbc.com/2023/11/30/nelson-peltz-seeks-two-seats-on-disney-board.html