From CNBC:

Activist investor Nelson Peltz is seeking a spot on Disney’s board, along with former CFO Jay Rasulo, promising initiatives and performance targets if elected. Trian aims to align management pay with performance and achieve “Netflix-like margins” by 2027, criticizing CEO Bob Iger’s pay package. Iger has been restructuring to make Disney+ profitable. Peltz believes the current board oversight is “awful,” while Disney has rejected his push to join the board. Peltz also addressed the future of ESPN and the brand’s theme parks, aiming for growth in both areas. He recently visited Disney World and shared positive feedback about the experience. This story is developing. Please check back for updates.



Read more: Nelson Peltz states case for board seats