Nelson Peltz states his case for joining the Disney board
Publishing timestamp: 2024-01-18 11:56:46
Summary
The article discusses activist investor Nelson Peltz's case for joining Disney's board. Peltz's Trian Fund Management has formally nominated Peltz and former Disney CFO Jay Rasulo to the board and outlined initiatives and performance targets they would pursue if elected. They aim to streamline the company, align management pay with performance, achieve "Netflix-like margins," and address issues such as CEO succession, ESPN's future, studio creativity, and theme park growth. Peltz believes the current board oversight is "awful" and wants to bring about changes. Disney has rejected Peltz's push so far.
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Keywords: business, nelson peltz, media, business news, breaking news: business, walt disney co, technology,
Source: https://www.cnbc.com/2024/01/18/disney-proxy-fight-nelson-peltz-states-case-for-board-seats.html