Nelson Peltz Intensifies Proxy Battle Against Disney Leadership

Activist investor Nelson Peltz criticizes Disney's financial strategies and investments, aiming to replace CEO Bob Iger in April.

Nelson Peltz and Trian Partners are challenging Disney's current leadership, aiming to replace CEO Bob Iger in an upcoming April proxy battle.
Peltz criticizes Disney's recent financial strategies and investments, including a $1.5 billion stake in Epic Games and a sports streaming joint venture, as lacking clear returns.
Disney defends its strategic decisions, highlighting recent successes and future plans, including new movie sequels and a direct-to-consumer ESPN offering.
Peltz guarantees victory in the proxy fight, expressing confidence in shareholder support for change at Disney.
Disney's board argues that Peltz and his proposed board member lack the necessary expertise to support Disney's growth and innovation.