Disney Defends CEO, Rebuffs Investor Who Wants A Shakeup Over Alleged Poor Management

Disney Defends CEO, Rebuffs Investor Who Wants A Shakeup Over Alleged Poor Management


Disney rejected an activist investor play from Trian Fund Management CEO Nelson Peltz, who recently launched a campaign to obtain a seat on the company’s board of directors to address various corporate governance issues.

Trian, which holds a stake in Disney worth approximately $900 million, argued in a recent press release that shares are trading near an eight-year low even as the company benefits from significant branding and intellectual property advantages. Peltz said he would confront poor succession planning for management, excessive compensation, and lackluster cost discipline if he is granted a seat on the board. Disney recently made headlines for reinstating veteran former chief executive Bob Iger, now 71 years old, to replace would-be successor Bob Chapek, who had served in the post for two

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