Proxy firm Egan-Jones was critical of Disney's entrance into 'the killing fields of the culture wars' in its recommendation to add two dissidents to the company's board.
One week before a highly anticipated shareholder vote, Walt Disney Co. sustained another blow as a second advisory firm recommended that investors elect billionaire Nelson Peltz to the entertainment giant's board of directors. Peltz, the Trian Fund Management founder, has gained steam in the closing weeks of his proxy campaign against Disney's board.
'We believe that there are compelling reasons to support the Trian Nominees,' Egan-Jones said in its recommendation report, ticking off several complaints about Disney's operations and priorities, including 'the unnecessary and extremely dangerous entrance of the company and its management into the killing fields of the culture wars.' Disney sparred with Florida Gov.
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