WBD - Disney: Trian Has Nailed A Remonstrance To Iger's Cathedral Door Demanding Reform

2024-03-07 12:12:35 ET

Summary

• Trian Partners' 130-page "White Paper" challenges The Walt Disney Company's management and calls for more than just two board seats.
• The document accuses Disney of making fiscal blunders and losing its "magic," resulting in a 60% drop in shares.
• Trian's case prompts questions about Disney's future and the need for change, but the outcome of the proxy vote is uncertain.

Disney Proxy Vote Day: April 3 ^rd

Trian Partners’ 130 page “ White Paper ” is a remonstrance against The Walt Disney Company (DIS) management that spares no detail--much more than a demand for two board seats.

Stipulation : It is clearly something of a huge stretch to compare the 130-page screed from Disney proxy challenger, Nelson Peltz with the day in October 1517 when Martin Luther presumably nailed his remonstrance to the church door. We think the challenge and defense analogy brings context to the battle for board seats and much more....

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