Activist Investor Nelson Peltz Nominates Himself, Ex-CFO for Disney Board Seats

Peltz and Rasulo Position Themselves as Leaders Needed to Revamp Disney's Strategy Amid Criticisms of Company's Financial Performance

Nelson Peltz, activist investor and head of Trian Fund Management, has nominated himself and former Disney CFO James 'Jay' Rasulo for seats on Disney's board.
This is Peltz's second attempt this year to influence Disney's strategy, after abandoning a bid for a single board seat in February following Disney's announcement of a major restructuring plan.
Peltz and Rasulo are positioning themselves as the leaders Disney needs to cut costs, establish a clear succession plan, and overhaul the company's streaming operations.
Trian Fund Management, which owns approximately $3 billion in Disney shares, has criticized Disney's financial performance, noting that its per-share earnings in the most recent fiscal year are lower than a decade ago.
Disney has responded to the nominations by stating that its diverse and highly qualified board is focused on the long-term performance of the company, strategic growth initiatives, increasing shareholder value, and finding a successor to CEO Bob Iger.