Report: Activist Investor Nelson Peltz, Trian Fund Management Makes Fresh Push for Disney Board Seat

    According to a report from the Wall Street Journal, Nelson Peltz is making a fresh push for a Disney board seat after increasing their holding in Disney to $2.5 billion. In fact, the report says that Peltz is seeking multiple seats on the Board of Directors for the company, renewing a fight that he had with Iger earlier this year.

    Disney shares are down nearly 7% year to date after reaching a 2023 high of $113 back in early February. During the January 2023 fight, Disney spoke out against Peltz, saying that “Nelson Peltz does not understand Disney’s business and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem”.

    Disney concluded that Peltz had “no solutions” to offer Disney at the time.

    Back in February, Peltz ended his proxy fight with Disney after Iger announced 7,000 job reductions and a company restructuring as part of a $5.5 billion reduction in spending this year alone.

    If Disney denies Peltz a seat, he could add his name to nominations later this year.

    Disney has not responded to the WSJ report.

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