Get the latest gossip
Disney Says Leading Proxy Advisor ISS Made Bad Call Backing Nelson Peltz For Board
Disney pushed back on a report today by leading proxy advisory firm ISS recommending shareholders vote activist investor Nelson Peltz to the board.
“In contrast to Glass Lewis, ISS fails to acknowledge the breadth of perspective and expertise Ms. Lagomasino adds to the Board. Nelson Peltz does not bring additive skills to the board, nor does he have a meaningful plan to deliver superior shareholder value in an evolving and increasingly complex global landscape, in stark contrast to the director Trian seeks to replace – Maria Elena Lagomasino.” ISS, however, decided that Peltz would still be useful on the board despite the connection, citing in particular what it called critically flawed succession planning at Disney.
Or read this on Deadline
