Disney Proxy Battle: Who Is Nelson Peltz And Why Does He Want To Be Let Into The Magic Kingdom?
deadline.comInvestor Nelson Peltz’s broadside against the the Walt Disney Co., and the prospect of rare proxy fight at the media giant, stunned media circles this week — and a flurry of SEC filings over the past few days suggest plenty more fireworks to come.
The activist investor’s demand for a seat on the company’s board and criticism of management have drawn the full attention of a Wall Street already on tenterhooks about how returned CEO Bob Iger will right the ship.
The famed exec’s encore run as Disney’s chief already faces a series of challenges, some industrywide, others self-inflicted.
Peltz may not be a household name, at least in the entertainment world, but he could play a significant role in the company’s direction — certainly if he manages to persuade other shareholders to vote him onto the board.
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