Nelson Peltz withholds votes from Disney CEO Bob Iger in proxy battle
Publishing timestamp: 2024-03-25 10:22:59
Summary
Nelson Peltz's Trian Fund Management withheld its votes from Walt Disney CEO Bob Iger in a bitter proxy battle. This move raises questions about the potential toxicity of the boardroom if Peltz is elected to the Disney board. Trian is officially recommending shareholders vote for Peltz and former Disney CFO Jay Rasulo, while withholding votes for certain Disney nominees. The Disney board meeting will be held on April 3.
Sentiment: MIXED
Tickers: DIS,
Keywords: business, media, business news, breaking news: business, walt disney co, nelson peltz, entertainment,