DIS - Nelson Peltz Becomes Gadfly To Disney's Flywheel

2024-03-06 04:40:00 ET

Summary

• Trian Fund Management might not be able to restore the magic at Disney.
• It’s likely Trian and Peltz will still lose their bid in an upcoming vote.
• The fund is nominating Trian founder Nelson Peltz and former Disney CFO Jay Rasulo to the board.

By Breakingviews

Trian Fund Management might not be able to restore the magic at Disney ( DIS ). But the fund run by Nelson Peltz, which is nominating directors to the $210 billion firm's board, has certainly pointed out how boss Bob Iger lost Disney's mojo. It's likely Trian and Peltz will still lose their bid in an upcoming vote. But in a smaller world, Peltz might deserve to get a seat....

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