"Peltz does not understand Disney's businesses and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly...
Walt Disney Co. brushed off billionaire activist investor Nelson Peltz’s bid for a board seat on Tuesday, dismissing his lack of “skills and experience.”
The... Walt Disney Co. brushed off billionaire activist investor Nelson Peltz’s bid for a board seat on Tuesday, dismissing his lack of “skills and experience.” The filing also revealed that former Disney Chief Executive Bob Chapek earned $24.2 million in total compensation during the company’s fiscal 2022 year, down slightly from 2021. Additionally, Chapek should receive a severance package valued at $20.4 million, though the exact number will depend on Disney’s share price over time.
Peltz, CEO of Trian Fund Management, which owns a 0.5% stake, or about $900 million in Disney, last week made a preemptive claim for a board seat to rescue the media giant from what he called a “crisis” of overspending on the Disney+ streaming business, the purchase of 21st Century Fox and failed succession planning.
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