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Disney Defends “Highly Qualified Board And Clear Strategy”, Reveals Date Of Annual Shareholder Meeting As Trian Renews Attacks In Proxy Fight
The Walt Disney Co. has come out in defense of its “highly qualified board and clear strategy” for growth and share price gains as activist investment firm Trian Capital issued its late…
Bob Iger and Nelson PeltzGetty Images/Courtesy The Walt Disney Co. has come out in defense of its “highly qualified board and clear strategy” for growth and share price gains as activist investment firm Trian Capital issued its latest attacks on the company. In its latest letter to shareholders today, Trian reiterated its complaints of the past several weeks, saying streaming flagship Disney+ has been “mismanaged,” ESPN lacks Direction and the movie studio’s creative engine has “stalled.” Disney responded with a statement maintaining it “has the right strategy to drive profitable growth and value creation for shareholders and has made substantial progress against our objectives to make our business more efficient and effective, including a sharpened focus on our greatest brand and franchise assets, a continued commitment to cutting costs and a reinstatement of the dividend.
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