Ex-Marvel Boss Ike Perlmutter Gives Control of Disney Voting Shares to Activist Nelson Peltz, Aiming for Board Seats

With ex-Marvel boss Ike Perlmutter's 30 million shares now controlled by activist Nelson Peltz, the Trian Fund's Disney stake increases to 33 million shares worth $2.5 billion, potentially changing the balance of power in upcoming board seat nominations.

Ex-Marvel boss Ike Perlmutter has given activist investor Nelson Peltz control over his voting shares in The Walt Disney Company, paving the way for a possible shift in power within the company's board.
With Perlmutter's endorsement, Peltz's Trian Fund's stake in Disney has increased to 33 million shares worth around $2.5 billion.
Perlmutter, who was fired from Disney earlier this year, believes that the company is underperforming and requires a board more aligned with its shareholders.
Perlmutter and Peltz are seeking multiple board seats at Disney, advocating for spending cuts and reducing executive salaries amid the company’s declining share price.
The support from Perlmutter provides Peltz with nearly four times as many shares as he had during his initial attempt for a board seat, increasing his influence on board nominations.