Disney shares were up 2% at mid-day Monday, extending their recent rally, as the company renewed its attacks on activist investor Nelson Peltz. In a video posted to VoteDisney.com criticizing Peltz and his firm, Trian Fund Management, Disney said the investor’s pursuit of board seats for himself and ex-Disney CFO Jay Rasulo “seems more about … Read more
After skidding to multi-year lows in late-2023, Disney stock has rebounded more than 20% thus far in 2024 as two activist investment firms have launched a proxy fight. The stock finished Thursday trading at $110.18, up a fraction. It started the year at $90.10, putting its gains at 22% for the year to date. Goosing … Read more
As Disney’s April 3 shareholder showdown approaches, activist Nelson Peltz has released a more detailed set of arguments against the company’s board of directors, which he calls the “root cause of underperformance” at Disney. In a series of graphs and bullet points coming to over 133 pages, the Trian Partner founder attempt to build a … Read more
The Walt Disney Co. has come out in defense of its “highly qualified board and clear strategy” for growth and share price gains as activist investment firm Trian Capital issued its latest attacks on the company. The company also disclosed the date of its annual shareholder meeting, which could see bigger sparks fly over the … Read more
Nelson Peltz wants Disney shareholders to elect him and former Disney executive Jay Rasulo to the company’s board, and today he unveiled the two current directors he’d like unseated to make room. Trian, Peltz’s investment firm, asked shareholds to withhold votes for Maria Elena Lagomasino and Michael Froman and vote for himself and Rasulo instead … Read more
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