Nelson Peltz has launched a second proxy battle at Walt Disney after the entertainment group rejected his push to join the board, setting off another bitter fight between the activist investor and chief executive Bob Iger. Peltz’s Trian Partners fund, which controls a roughly $3bn stake in Disney, said in a statement on Thursday that it intended to take its “case for change directly to shareholders”, after Iger again turned down Trian’s request for board representation. “Since we gave Disney the opportunity to prove it could ‘right the ship’ last February, up to our re-engagement weeks ago, shareholders lost [about] $70bn of value,” Trian wrote.
Nelson Peltz's Trian Fund Management will seek multiple board seats at Disney — and will take its case directly to shareholders.
Musk commented on his opposition to labor unions, throttling media outlets he doesn't favor, and the perceptions around his trip to Israel.