BREAKING: The Walt Disney Company Released a Statement On Peltz Ending His Proxy Battle with the Company
Nelson Peltz, activist investor and leader of Trian Fund Management, announced yesterday that he has ended his proxy battle with the Walt Disney Company. This comes as a relief for the company as they didn’t support his bid to “Restore the Magic” and have him on the Board of Directors.
The Walt Disney Company Board of Directors released a statement today regarding his announcement:
“We respect and value the input of all our shareholders and we appreciate the decision by Trian Fund announced by Nelson Peltz this morning.
This is a moment of great opportunity for The Walt Disney Company, as we recommit to our historic 100-year legacy of unrivaled creativity and a future of sustained growth and profitability. We are pleased that our Board and management can remain focused without the distraction of a proxy contest, and we have tremendous faith in Bob Iger’s leadership and the transformative vision for Disney’s future he set forth yesterday.
We will continue to engage with all our shareholders, and we look forward to our upcoming annual meeting on April 3, 2023. All shareholders of record as of the close of business February 8, 2023 are entitled to vote at the meeting.”
Photo: Disney
This was just one of the many great accomplishments of Bob Iger that was announced yesterday during Disney’s QI earnings call.
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Source: Disney
