Disney Shareholders Reject Nelson Peltz's Board Candidates

Disney has officially rebuffed Nelson Peltz and his Trian Fund Management partners attempt to force their way onto the corporate board. Disney confirmed that the challenge from the activist investor group failed during today's shareholder meeting. The company said that Disney board directors candidates were safely ahead of Trian's proposed candidates by a"substantial margin." Both Peltz and former Disney CFO Jay Resulo were leading the charge to insert themselves into power.

Peltz Argued"Woke" Marvel Movies Were Hurting The CompanyJust before the vote got underway, Peltz went out of his way to question Marvel Studios' strategy over the last decade. In an interview with the Financial Times, the presumptive board challenger targeted Black Panther and Captain Marvel. He asked why there had to be an"all-women" Marvel movie or one completely comprised of Black characters.

Nelson Peltz's History With DisneyThis is far from the first time that Peltz has had disagreement with Disney leadership. Bob Iger explained where some of that animosity might stem from in an interview with CNBC. The most recent power play has a lot to do with old histories at Marvel Studios and beyond. Disney's current CEO also underlined that Trian Partners has about 75% of its stock owned by Ike Perlmutter.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Advisory firm ISS tells Disney shareholders to side with Nelson Peltz in proxy fightPeltz and his firm, Trian Fund Management, have asked investors to nominate him and former Disney Chief Financial Officer Jay Rasulo to the board.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Disney shareholders reject activist investor Nelson Peltz's board nomineesThe vote ends a combative, months-long proxy battle over the company's strategy.
Source: ABC - 🏆 471. / 51 Read more »

Disney Showdown: Woke Bob Iger Facing Off with Nelson Peltz at Shareholders MeetingSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Disney shareholders to decide Nelson Peltz's board fate at annual meetingTrian Capital has waged a proxy fight against Disney to land two board seats. Disney shareholders will vote yes or no at Wednesday's board meeting.
Source: CNBC - 🏆 12. / 72 Read more »

In Disney proxy battle, second firm urges shareholders to elect Nelson PeltzProxy firm Egan-Jones was critical of Disney's entrance into 'the killing fields of the culture wars' in its recommendation to add two dissidents to the company's board.
Source: latimes - 🏆 11. / 82 Read more »

Who the Hell Is Nelson Peltz, the Billionaire Investor Disney Is Freaking Out About?Comments about 'wokeness' in Marvel movies and a plan to get on Disney's board have shot him to internet infamy.
Source: Gizmodo - 🏆 556. / 51 Read more »