Activist investor Nelson Peltz doesn’t think Disney’s board leadership change will shift the company’s direction, according to people familiar with the matter
Activist investor Nelson Peltz doesn’t think the Walt Disney Co. ’s board leadership change will shift the direction of the company, saying the new chairman is little more than a rubber stamp for newly returned CEO Bob Iger, according to people familiar with the matter.
On Thursday, activist investor Nelson Peltz and his hedge fund Trian Fund Management LP turned up the heat in their proxy battle, despite board changes the Walt Disney Co. made Wednesday in an effort to counter his push. Disney on Wednesday replaced its board chair Susan Arnold with Nike Inc. chairman Mark Parker, and assured investors that he would lead the search for the company’s next chief executive.
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