From Dow Jones & Company:
Activist investor Nelson Peltz is continuing his push for changes at Disney, aiming to complete a CEO succession from Bob Iger. Trian Fund Management, which Peltz is a part of, wants to add Peltz and former Disney executive Jay Rasulo to the board. They are aiming for “Netflix-like margins” by 2027 and want to align management pay with performance. Peltz criticized Disney’s current board oversight, claiming they lack media experience. Disney has rejected Peltz and Rasulo as nominees, stating they failed to present substantial strategic plans for improving the company.
Read more: Activist investor Nelson Peltz makes his case for joining Disney board
