Disney is firing back at the proxy campaign by Nelson Peltz, saying the activist investor “does not understand Disney’s business.”
Bringing back a CEO is a strategy many companies have attempted over the years, some more successfully than others. WSJ looks at three so-called boomerang CEOs and how their companies did after their return. Photo illustration: Adele MorganThe Walt Disney Co.
is firing back at the proxy campaign by Nelson Peltz, saying the activist investor “does not understand Disney’s business.”a board seat at Disney in an attempt to fix what he is calling a series of self-inflicted wounds that have hobbled the company’s recent performance.
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