Disney Shareholder Blackwells Capital Blasts Rival Nelson Peltz For Failing To Come Up With “A Single Strategic Idea That Would Benefit Shareholders”
deadline.comBlackwells Capital, a Disney shareholder with plenty of opinions about who should sit on the company’s board of directors, blasted the rival Trian Group for its own board maneuvering.
In a press release, Blackwells Chief Investment Officer Jason Aintabi said Trian co-founder Nelson Peltz has come up short in terms of suggestions for righting the media giant’s ship.
Trian this month formally initiated a proxy war with Disney, nominating Peltz and former Disney CFO Jim Rasulo to the board, planning to solicit support from a shareholder base restless with the company’s lackluster stock performance.
Trian has attacked Disney’s path under CEO Bob Iger, who returned to the top exec role in November 2022 in a bid to shore up the company after it slipped under his hand-picked successor, Bob Chapek.
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