Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition

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Disney will be facing Nelson Peltz's Trian Fund Management in a proxy fight.

The activist firm said it owns about 9.4 million shares valued at approximately $900 million, which it first accumulated a few months ago. Trian said Wednesday it believes Disney “lost its way resulting in a rapid deterioration in its financial performance.”

Trian called out what it viewed as poor corporate governance on Disney's part, including failed succession planning, '"over-the-top'" compensation practices and Disney's lack of engagement with Trian in recent months. Peltz on Thursday said he only had a meeting with Disney's board that spanned about 45 minutes, but he never heard a response from them. A Disney representative didn't immediately respond to comment.

 

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Peltz is too old number one. You can see what he did with Heinz. (That was 20 years ago.). Nelson PUTZ need not be involved in anything anymore.

Yes full of degenerates too my husband can attest to that he worked there

Activist investor my foot .these guys just buy a seat in board only get their investments out ans destroy the company

Fox took dividend away?

RIP Disney. Well played RobertIger

OMG! This guy is a total Legend!!! Please Disney move over! And let this gentleman fix your sinking ship! He obviously has the tools!!!

Lol.Anything could be related to China, what an arrogant old mindsets

Put Peltz on the board. That boardroom is full of clowns and yes men.

As a Disney shareholder...I am all for Peltz on the board and have a thourough discussion on the future of this company...it's almost half of its worth from 2019...the upper management shakeups have been an embarassment.

can’t afford the paid version, lol

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