Disney Gains Support From ValueAct Capital as Nelson Peltz Challenges Board
ValueAct Capital, known for working constructively with boards, said it would support the media giant’s director nominees amid a challenge by Nelson Peltz.
Posted inBoards of Directors Iger, Robert A Peltz, Nelson Rasulo, James A Shareholder Rights and Activism Trian Fund Management LP Walt Disney Company
Nelson Peltz Nominates Two to Disney Board, Including Himself
Nelson Peltz, who feels the company’s stock is languishing and that leadership succession planning has been mishandled, is in his second proxy battle with the entertainment giant in two years.
Posted inBoards of Directors Gorman, James P Iger, Robert A Peltz, Nelson Shareholder Rights and Activism Walt Disney Company
Disney, Facing Activist Investor Pressure, Adds 2 Board Members
James Gorman, Morgan Stanley’s chief executive, and Jeremy Darroch, who ran the British TV company Sky, will join early next year.
Disney Adds 5 Million Streaming Subscribers
The company is in the midst of a major transformation, exploring options for traditional businesses like ESPN.