According to a report from CNBC, Nelson Peltz has sold his entire stake in The Walt Disney Company. This sale comes weeks after losing a highly publicized proxy battle where he was seeking two seats on the Disney Board.
Peltz reportedly pocketed $1 billion in profit after selling at close to $120 per share. Nelson Peltz lost by a margin of 2-to-1 to the next closest Disney nominee, and Jay Rasulo lost by a 7-to-1 margin.
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So to the people defending Nelson’s actions, shut the hell up. We knew this was all for a quick profit while letting Disney tank. Look at all the businesses he left in RUINS, it’s his M.O.! Further proof is that if this clown was all for Disney and its future, why did he sell all his shares upon defeat? If he really was a believer, he would have kept the shares, but in typical crybaby fashion; a billionaire lost and now he’s petty.
Sick of all the billionaire defenders on social media, defending those monsters like you were getting paid for it, PATHETIC!
Any activist investor can buy it back at $70 per share and start the proxy battle once again unless Disney finally gives in to big investors. Iger doesn’t want to change. This is not good to be Disney investor.