Nelson Peltz Gains Key Endorsement in Disney Board Battle

Institutional Shareholder Services endorses Peltz for Disney board, marking a significant development in the proxy fight.

Activist investor Nelson Peltz receives a notable endorsement from Institutional Shareholder Services (ISS) for a seat on Disney's board.
Peltz criticizes Disney's focus on movies with female and Black actors, questioning the prioritization of messaging over storytelling.
Disney defends its diversity efforts, stating Peltz's critique shows he's unfit for a creatively driven company.
Peltz, known for his aggressive investment strategies, acknowledges being a 'bully billionaire' but insists he's not aiming to fire CEO Bob Iger.
The proxy battle intensifies as Disney's annual meeting approaches on April 3, with both sides rallying support.