DIS - Nelson Peltz Throws Cold Water On Disney As Proxy Battle Heats Up: 'Very Little Meat On The Bones' | Benzinga
Despite Walt Disney Co‘s (NYSE:DIS) string of recent announcements that sent shares higher, activist investor Nelson Peltz still isn’t convinced management knows how to bring the magic back.
“They made these announcements like this management team just came into office about a week and a half ago,” Peltz told CNBC. “They have been here for 20 years.”
Peltz, who is CEO of Trian Partners, nominated two directors at Disney's 2024 annual meeting. The move is part of his ongoing proxy battle with the entertainment conglomerate.
“All of a sudden they’ve awakened and they want to start making all of these announcements? By the way, there’s very little meat on the bones of their announcements,” he said in an appearance on “Money Movers.”
Last month, Disney said it would not endorse any candidates nominated by activists and instead urged shareholders to support Disney’s own nominees. Peltz criticized Disney’s unwillingness to engage with his firm, noting that Trian is ...