Disney Defends Board, CEO Robert Iger Against Nelson Peltz’s Criticisms

Bringing back a CEO is a strategy many companies have attempted over the years, some more successfully than others. WSJ looks at three so-called boomerang CEOs and how their companies did after their return. Photo illustration: Adele MorganThe Walt Disney Co.

is firing back at the proxy campaign by Nelson Peltz, saying the activist investor “does not understand Disney’s business.”a board seat at Disney in an attempt to fix what he is calling a series of self-inflicted wounds that have hobbled the company’s recent performance.

Ah yes Robert Iger notable CEO of the Walter Disney company.

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Disney Punches Back Against Nelson Peltz, Says Activist Investor “Does Not Understand” Its BusinessIn a slide deck published Tuesday, the entertainment giant responds point-by-point to Peltz's argument. I love it when arsehole egotistical megamillionaires are put firmly in their place. peltzputz Stock market would suggest that it’s the Disney board who have cognition issues over the nature of their business. Unless of course making money for their shareholders is no longer the business of Disney.
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