"Nelson Peltz's Ongoing Proxy Battle with Disney: The Latest Developments"

Activist shareholder Nelson Peltz criticizes Disney's board for "self-inflicted wounds" impacting its bottom line, urging shareholders to vote for change. Peltz and his hedge fund, Trian Fund Management, seek board representation to improve company performance, citing Disney's lagging shareholder returns and management's failure to plan CEO succession. Disney opposes Peltz's nominees, arguing they lack relevant experience and strategic ideas, while Peltz counters that they bring consumer brand expertise and a shareholder-first mindset.