Investor advisory firm Glass Lewis recommended shareholders vote against Trian, but rival firm ISS agreed that Peltz should get a seat. Voters will decide whether the company's board deserves another year together, or if candidates nominated by activist investors, including Trian Partners' Peltz, should replace certain directors.
Investor advisory firm Glass Lewis recommended shareholders vote against Trian , but rival firm ISS agreed that Peltz should get a seat. Voters will decide whether the company's board deserves another year together, or if candidates nominated by activist investors, including Trian Partners' Peltz , should replace certain directors. The 81-year-old Peltz , along with former Disney Chief Financial Officer Jay Rasulo, have waged a quest to land two board seats.
They've asked shareholders to name them as new directors in place of Tuesday evening. If the reported votes hold, it would be a significant victory for CEO Bob Iger and a Disney board that has fought hard to keep Peltz and Rasulo at bay. Nonetheless, Trian can at least claim a financial victory. Shares are up 48% since the firm's second campaign was first reported., controls a $
Investor Advisory Firm Vote Trian Peltz Board Directors Activist Investors Shareholders Disney Bob Iger
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