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Nelson Peltz Insists, Again, His Fight With Disney Is About The Board, Not Bob Iger – But It’s A Fine Line
Nelson Peltz says his proxy fight with Disney is not about Bob Iger, but it's complicated.
Nelson Peltz said today that his bitter proxy fight with Disney is “not about Mr. Iger, nor is it a referendum about his leadership” even as CNBC reported that his firm, Trian Partners, has withheld votes from the CEO, who is also a board nominee. Influential proxy advisory firm ISS last week recommended shareholders support Peltz(but not Rasulo) for the board and withhold votes from Lagomasino, also citing succession. Trian is voting its own shares as well as those of ally and former Marvel executive Ike Perlmutter, together repping about $3.5 billion worth of common stock.
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