It's time for Disney CEO Bob Iger to reckon with his company's poor performance as activist investor Nelson Peltz looks to exert more pressure.
Nelson Peltz is once again upping the pressure on embattled Club name Disney — a positive development given the company's poor performance since the return of CEO Bob Iger. Peltz's Trian Fund Management increased its stake in Disney to more than 30 million shares, worth about $2.5 billion, CNBC reported Monday . That's up from roughly 6.4 million shares at the end of the second quarter and makes the activist firm one of the largest shareholders in the entertainment giant.
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023.Nelson Peltz is once again upping the pressure on embattled Club name
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Disney faces pressure for more board seats from activist Nelson Peltz: reportBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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Billionaire Nelson Peltz renews push for seats on Disney board as stock slumpsNelson Peltz, the billionaire founding partner behind Trian Fund Management, reportedly wants multiple board seats at Walt Disney — including one for himself — after his fund upped its …
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