"Disney Shareholder Blackwells Capital Criticizes Rival Nelson Peltz's Lack of Strategic Ideas for Shareholder Benefit"

Disney shareholder Blackwells Capital criticizes Trian Group for lacking strategic ideas to benefit shareholders, as Trian initiates a proxy war by nominating Nelson Peltz and former Disney CFO Jay Rasulo to the board. Disney faces operational challenges and criticism over its stewardship of ESPN. Blackwells nominates its own candidates for Disney's board and criticizes the company's agreement with ValueAct Capital Management. Disney urges shareholders not to consider activist nominees and prepares for a potentially contentious annual shareholder meeting.