DIS - Disney Is Focused On The Future While Nelson Peltz Is 'Looking Backwards' Says Morgan Stanley's James Gorman | Benzinga
Walt Disney Co (NYSE:DIS) is in the midst of a proxy battle with activist investor Nelson Peltz, who isn't convinced Disney’s management team knows how to bring the magic back to shareholders.
On the other hand, Morgan Stanley executive chair and newest Disney board member James Gorman believes the turnaround at Disney is well underway, as evidenced by the stock price.
What To Know: Disney shares are up more than 30% since the start of the year, but the stock is well off its highs from 2021 and has traded essentially flat over the last five years.
Peltz, who is the CEO of Trian Partners, has argued that the longer-term performance of the stock is unacceptable. In an effort to turn things around, he has nominated himself and former Disney CFO Jay Rasulo to the company's board.
Disney said it would not endorse any candidates nominated by activists and instead ...