DIS - Elon Musk Says 'Nelson Peltz Should Definitely Be On The Disney Board' It Would 'Significantly Improve' The Share Price | Benzinga
In a series of tweets, Elon Musk has clarified that he believes activist investor Nelson Peltz should be on Walt Disney Co’s (NYSE:DIS) board of directors.
What Happened: Musk took to X, formerly Twitter, to express his support for Peltz.
“Nelson Peltz should definitely be on the Disney board! He would help reform the company, improve the quality of products and generally serve in the best interests of shareholders, as he has done at many other companies. This would significantly improve Disney's share price,” Musk wrote.
“While I don't own any Disney shares today, I would definitely buy their shares if Nelson were elected to the board. His track record is excellent.”
Musk shared a post by Bill Ackman, who criticized the alleged leaking of early election returns in the proxy contest between Disney and Peltz. According to Ackman, these leaks, which suggest Disney’s victory, are inappropriate and potentially illegal as they could manipulate the contest’s outcome.