Nelson Peltz, founder and CEO of Trian Fund Management, spoke at the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, US, on Thursday, March 30, 2023.
Marco Bello | Bloomberg | Getty Images
Activist investor Nelson Peltz and his firm are aiming to secure more than two seats on Disney’s board, as per a source familiar with the situation, which could lead to a peltz-says.html” title=”Disney proxy fight is over, Nelson Peltz says”>proxy fight.
Trian Fund Management, co-founded by Peltz, announced on Thursday morning its intention to directly present their case for change to shareholders.
Disney, on the other hand, suggested that the proxy fight was motivated by a personal grudge held by one of Peltz’s allies, former Marvel boss Ike Perlmutter.
Trian stated that earlier in the day, Disney offered to arrange a meeting with their board, but rejected Trian’s request to join the board, including the addition of Peltz. Trian did not specify in their statement how many seats they plan to seek.
Trian declined to provide further comment beyond their statement.
The…
2023-11-30 16:37:42
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