Activist Investor Nelson Peltz Revives Proxy Campaign Against Walt Disney Co.

Prominent activist investor Nelson Peltz has revived his proxy campaign against Walt Disney Co., adding pressure to Chief Executive Bob Iger. Peltz’s firm, Trian Fund Management, aims to secure multiple board seats after Disney rejected their request for board representation. Former Marvel Entertainment CEO Isaac “Ike” Perlmutter, a major shareholder, is backing Peltz’s efforts. While Disney has faced challenges, including job cuts and cost-saving measures, it remains unclear what specific changes Peltz is advocating for. The campaign is expected to be a significant distraction for Disney. The company has recently appointed two new board members and declared its first dividend in over three years to bolster investor confidence.