Disney opposes activist shareholder Nelson Peltz's bid for two board seats, citing his history of harming companies.
Disney counters activist shareholder Nelson Peltz's campaign to win two board seats, accusing him of having a history of "attacking companies to the ultimate detriment" of shareholders. Peltz's Trian Partners criticizes Disney for underperformance in operating margins, return on invested capital and its streaming business. Disney highlights its progress since CEO Bob Iger's return and warns that Peltz's involvement could jeopardize this progress.
March 11, 2024
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