Activist investor urges Disney to add Trian's Nelson Peltz to its board
Publishing timestamp: 2023-12-05 12:38:17
Summary
Activist investor Ancora has issued a letter to Disney shareholders urging the company to add Nelson Peltz to its board. This comes after Peltz and his firm Trian Fund Management launched a proxy fight with Disney. Ancora believes that a change in Disney's boardroom is necessary due to distractions, disappointing performance, and value destruction. Disney, on the other hand, suggests that Trian's move is driven by personal grudges.
Sentiment: MIXED
Tickers: DIS,
Keywords: walt disney co, breaking news: business, entertainment, business, nelson peltz, media, business news,
Source: https://www.cnbc.com/2023/12/05/activist-investor-urges-disney-to-add-nelson-peltz-to-board.html