From CNBC:

Activist investor Nelson Peltz plans to push for changes at Disney, including the addition of himself and Jay Rasulo to the board. He aims to improve Disney’s stock performance and increase transparency in its streaming business. Peltz is preparing to release a white paper explaining his case and hopes to shake up the current board’s dynamic, which he criticizes for being too closely tied to CEO Bob Iger.

Peltz’s Trian Fund Management will post content on social media and launch a website to build support for their cause. They expect to gain momentum through lobbying shareholders and appealing to proxy advisory services Glass Lewis and ISS. The annual shareholder meeting is expected to take place in April, and Trian is determined to influence the voting process through persuasive arguments and strong recommendations.

The dispute revolves around Disney’s board being too tied to CEO Bob Iger, who has extended his contract multiple times. Peltz believes his experience in finding top executives makes him a valuable addition to the board. He aims to bring a new perspective and challenge the current board’s close alignment with Iger.

Peltz and Rasulo, if elected, would act as voices for change on the board and challenge the current dynamic that favors Iger. Peltz is confident that his presence can jumpstart a shift in the board’s approach and bring about positive improvements in Disney’s performance. He remains determined to bring accountability and transparency to Disney’s operations.



Read more: Nelson Peltz outlines plans for Disney proxy battle