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Disney Shares Extend Recent Gains As Company Renews Attacks On Activist Investor Nelson Peltz
Disney shares were up 2% at mid-day Monday, extending their recent rally, as the company renewed its attacks on activist investor Nelson Peltz.
(Trian has pointed to shareholder returns well below the broader market on a 3-year and 5-year basis and has also noted that the stock’s recent record high near $190 came in 2021 during the tenure of former CEO Bob Chapek.) Prior to his focus on Disney, Peltz was known for waging a long and ultimately successful proxy war against consumer products giant Procter & Gamble. The Disney video ominously notes two other companies Peltz has targeted, General Electric and DuPont, both of which have stumbled in the years since the investor’s engagement.
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