Disney Renews Attacks On Activist Investor

 

Disney has recently extended its gains, with shares up 2% during mid-day on Monday. The company has renewed its attacks on activist investor Nelson Peltz. In a video posted on VoteDisney.com, Disney criticized Peltz and his firm, Trian Fund Management. Peltz’s pursuit of board seats for himself and ex-Disney CFO Jay Rasulo has raised eyebrows, and Disney is making its stance clear12.

This ongoing battle between Disney and Peltz highlights the complexities of corporate governance and shareholder activism. As the company defends its board and strategy, it remains to be seen how this clash will unfold in the coming days

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In the 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 vanity than a belief in Disney.” The company added that Rasulo “hasn’t been employed since leaving Disney” in 2015. The proxy fight is set to play out April 3 at the company’s annual shareholder meeting, which will be a virtual event this year.