Disney Accuses Former Marvel Chairman of Orchestrating Proxy Battle
The Walt Disney Company alleges Ike Perlmutter, ex-Marvel chairman, is behind a proxy fight, aiming to disrupt the company out of revenge against CEO Bob Iger.
- Disney has accused former Marvel chairman Ike Perlmutter of masterminding a proxy battle as part of a vendetta against CEO Bob Iger.
- Nelson Peltz's Trian Fund Management, supported by Perlmutter, is attempting to seize control of Disney's board, criticizing the company's performance.
- Disney's presentation claims Perlmutter is a 'disgruntled former employee' and a significant factor in the proxy fight, owning a large portion of the shares involved.
- Trian defends its actions, stating its goal is to improve Disney and its shareholder value, accusing Disney of deflecting from its own failures.
- The shareholder vote on April 4 will determine the outcome of the proxy battle, with Disney and Trian presenting conflicting views on the company's future direction.