Nelson Peltz Exits Disney with $1 Billion After Proxy Battle Defeat

The activist investor sold his entire stake following a failed bid to join Disney's board and influence its direction.

Peltz's Trian Fund Management sold Disney shares at $120 each, netting $1 billion.
The proxy battle was one of the most expensive in history, costing an estimated $70 million.
Disney shareholders overwhelmingly supported CEO Bob Iger and the current board.
Peltz criticized Disney's streaming losses, stock performance, and CEO succession plans.
Despite the sale, Disney's stock has risen 12% since the beginning of the year.