Nelson Peltz is launching a blitz on Disney. Here's what he says is next in his proxy fight
Publishing timestamp: 2024-01-18 14:46:13
Summary
Trian Fund Management, led by Nelson Peltz, plans to release a dense white paper explaining its case for adding Peltz and former Disney CFO Jay Rasulo to Disney's board. The paper will be released in a couple of weeks and will outline reasons such as improving Disney's stock performance and increasing transparency. Trian will meet with proxy solicitors Glass Lewis and ISS in February and will lobby shareholders leading up to Disney's annual shareholder meeting in April. Peltz believes that Disney's board needs to be jumpstarted and that he and Rasulo can provide the necessary accountability and questioning of longtime CEO Bob Iger.
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Keywords: nelson peltz, breaking news: business, procter & gamble co, technology, business news, mondelez international inc, media, walt disney co,
Source: https://www.cnbc.com/2024/01/18/nelson-peltz-outlines-plans-for-disney-proxy-battle.html