Nelson Peltz Aims for Disney Board Seats in Renewed Push

Activist investor Nelson Peltz has acquired a $2.5 billion stake in Walt Disney Co. and is planning to renew his efforts to secure board seats. Peltz's Trian Fund Management is responding to the decline in Disney's stock, which has dropped approximately 16% this year. In January, Peltz criticized Disney's management and stock performance, but withdrew his bid for a board seat after Disney announced operational restructuring. Peltz's decision to revive his campaign comes as he has increased his stake in Disney. The company has faced challenges due to the shift from linear to streaming platforms and recent strikes by industry unions.