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Fight On! Nelson Peltz Nominates Himself, Former Disney Exec Jay Rasulo For Board Seats
The Trian Group’s Nelson Peltz has formally asked Disney shareholders to elect himself, as well as former Disney executive Jay Rasulo, to the company’s board of directors at the annual meetin…
The fund also asked shareholders to withhold votes for three nominees put forward by another activist investor, Blackwells — Craig Hatkoff, Jessicasl Schell, and Leah Solivan. The company said Tuesday that Peltz “had not actually presented a single strategic idea for Disney.” It said Rasulo had been out of the business for too long and would have an “outdated perspective,” and that since he was passed over for CEO in 215 he’d have a hard time working constructively for Iger. Trian said, “Blackwells nominees appear to be content with Disney’s current turnaround efforts, rather than seeking to hold the Company accountable for improved performance.”
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