After a proxy battle with Disney, shareholders reelected Disney's slate of board nominees; now, Peltz has apparently sold off his entire stake in the company.
In April, activist investor Nelson Peltz and Trian Partners lost a proxy battle with the Disney Company . Peltz, a known associate of ousted Marvel Chairperson Ike Permutter , sought to push agendas supported by Trian Partners representing influence by Perlmutter though his company—seeking to elect himself and former Disney Chief Financial Officer Jay Rasulo to the company’s board in a stand-off with Disney CEO Bob Iger .
. At $120 a share, a source told , he made about $1 billion on the position as stocks currently trade for about $100 per share. Peltz stirred up discourse over the years taking aim at the way Disney’s regime changes were being handled in regards to “woke” choices, like diverse casting in films like Black Panther and women-led films, being why the company was floundering.
quoted Trian’s statement over the loss from April: “We are proud of the impact we have had in refocusing this Company on value creation and good governance.” Want more io9 news? Check out when to expect the latest Marvel and Star Wars releases, what’s next for the DC Universe on film and TV, and everything you need to know about House of the Dragon and Lord of the Rings: The Rings of Power.
Peltz Ike Permutter Business Finance Shareholder Activism Perlmutter Jay Rasulo Bob Iger Black Panther And Kevin Feige Entertainment Culture Disney Company Marvel Studios Trian Partners Gizmodo
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