Nelson Peltz and Former Disney CFO Nominated to Disney Board
TL;DR Summary
Activist investor Nelson Peltz has nominated himself and a former Walt Disney executive to the board of the Walt Disney Company, continuing his proxy battle with the entertainment giant over concerns about the company's languishing stock price and mishandled leadership succession planning. This is Peltz's second proxy battle with Disney in two years, and he has been working with Ike Perlmutter, a former chairman of Marvel and one of Disney's largest independent shareholders. Disney will review the nominations, and Peltz's investment firm, Trian Partners, aims to address cost-cutting, revamp Disney's streaming business, and improve succession planning.
- Nelson Peltz Nominates Two to Disney Board, Including Himself The New York Times
- The battle for the future of Disney just got serious CNN
- Nelson Peltz to Nominate Himself, Former Disney CFO Jay Rasulo to Disney's Board The Wall Street Journal
- Trian nominates Peltz and former Disney exec to media giant's board CNBC
- Disney Responds To Unsolicited Nominations Of Nelson Peltz And Ex-Disney CFO James Rasulo To Board Of Directors, Defends Existing Board As “Highly Qualified” Deadline
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
3 min
vs 4 min read
Condensed
85%
630 → 96 words
Want the full story? Read the original article
Read on The New York Times