Trian nominates Peltz and former Disney exec to media giant's board
Publishing timestamp: 2023-12-14 12:00:28
Summary
Trian Fund Management has nominated its CEO, Nelson Peltz, and former Walt Disney CFO Jay Rasulo to Disney's board as part of a contentious proxy fight. Trian has criticized Disney for board missteps and poor financial management. Disney has defended its current board and stated that it will review the nominations. The proxy fight comes as Disney CEO Bob Iger tries to restructure the company and improve its financial standing.
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Keywords: business news, media, walt disney co, breaking news: business, television, entertainment,