Nelson Peltz’s push for board seats at Walt Disney gets support from former Marvel executive Isaac Perlmutter, according to The Wall Street Journal.
Walt Disney is finding it hard to shake off figures from its recent past. Activist investor Nelson Peltz has returned to the offensive at the company and he is being backed by former Marvel Chairman Isaac Perlmutter, according to The Wall Street Journal.
The majority of Trian’s controlled stake is made up of shares owned by Perlmutter, who plans to urge Disney’s board to accept one or more of Trian’s nominees, according to a Journal report on Monday. Perlmutter isn’t seeking to join Disney’s board himself or to return to the company but he believes the company is underachieving, he told the Journal. Disney didn’t immediately respond to a request for comment.The nominating window for Disney’s board of directors opens in December, meaning Peltz’s Trian hasn’t officially launched a fresh proxy battle against the company. Peltz abandoned a previous effort to push its way onto the board earlier this year when Iger outlined a $5.
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