Get the latest gossip
Wall Street loves Disney’s kitchen-sink quarter, but Nelson Peltz says he isn’t backing down
Disney shares jumped after announcements meant to excite investors while activist investor Nelson Peltz tells CNBC he is pushing forward with a proxy fight.
Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC's Andrew Ross Sorkin on July 17, 2013 in New York. Disney shares jumped roughly 10% Thursday after the company posted earnings Wednesday and flooded the zone with new announcements meant not only to excite its employees and shareholders, but also to put activist investor Nelson Peltz in his place. Both Disney's higher profits, and string of content and partnership announcements, appeared to form a direct rebuttal to Peltz's concerns about the company.
Or read this on r/Entertainment