Trian Unveils Strategy to Revitalize Disney Ahead of Shareholder Showdown

Activist investor Nelson Peltz proposes changes to improve performance, including executive incentives and a focus on lower-cost projects.

Trian Fund Management has released a detailed white paper outlining its strategy to improve Disney's performance, including a focus on lower-cost projects and a new 'streaming margin' incentive for executives.
Nelson Peltz and Jay Rasulo, nominated by Trian, aim to replace Disney board members Maria Elena Lagomasino and Michael Froman, citing the need for change to address Disney's underperformance.
Disney defends its current strategy, highlighting its plan to achieve $7.5 billion in cost savings, reach streaming profitability, and deliver $8 billion in free cash flow by the end of fiscal year 2024.
Peltz criticizes Disney's acquisition of Fox and its approach to sports streaming, calling for a review of Disney's organizational structure and strategic focus.
Disney's shareholders are being heavily lobbied by both sides ahead of the April 3 shareholder meeting, with the outcome potentially reshaping the company's board and future direction.