The Walt Disney Company’s commitment to continue to convert their family entertainment brand to far left activist agitprop has created economic disasters that provide opportunities for people from within the company to take the whole woke empire down. That resistance is coming in the form of the largest single holders of Disney stock, Trian Fund Management, held by Nelson Peltz.
That group is now demanding board seats, including one for Peltz, in what is seen as a clear takeover attempt by Pelz and other major shareholders. Trian’s official statement revealed, “As Disney’s largest active shareholder, we can no longer sit idly by as the incumbent directors and their hand-picked replacements stand in the way of necessary change… Disney is one of the most iconic companies in the world, with unrivaled scale, unparalleled customer loyalty, irreplaceable intellectual property, and enviable commercial flywheel. However, Disney has woefully underperformed its peers and its potential.”
Excerpt:
Dec 14 (Reuters) – Walt Disney (DIS.N) is bracing for a bitter proxy battle as activist investor Nelson Peltz nominated himself and an ally to Disney’s board, his second attempt this year to gain sway over the company’s strategy.
The looming battle comes at a pivotal time for Disney, as the company is trying to reinvigorate its creative franchises, make its streaming business profitable and find partners to help build ESPN’s digital future.