Trian’s co-founder, Nelson Peltz, has criticized Disney for bungled succession planning and rising costs at its streaming service and he is pushing for a board seat, arguing he has the operational know-how to help repair the damage.Disney is denying Peltz a board seat, saying the activist investor “lacked the skills and experience” to help the media and entertainment giant.
FILE PHOTO: Nelson Peltz founding partner of Trian Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake Trian’s performance is better than the average activist hedge fund which lost an average 17.2% in 2022, according to data from Hedge Fund Research. Activism is a strategy pursued by a relatively small number of firms that essentially bet on a publicly traded company and promise their investors that its share price will rise when their changes are adopted.
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