Disney, activist investor Peltz gird for fight over board seat


FILE PHOTO: The logo of the Times Square Disney store is seen in Times Square, New York City, U.S. December 5, 2019. REUTERS/Nick Pfosi/File Photo

NEW YORK (Reuters) -Walt Disney Co and billionaire Nelson Peltz are squaring off for a boardroom battle after the home of Mickey Mouse denied the prominent activist investor a seat on its board.

Peltz, who co-founded Trian Fund Management, asked to join the Disney board after criticizing the company for bungling its succession planning, overspending on 21st Century Fox and handing "over-the-top" compensation packages to its CEO.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Putin authorises creation of state messaging app to combat WhatsApp and Telegram
Anthropic wins key ruling on AI in authors' copyright lawsuit
Amazon to expand Prime delivery services in smaller cities, rural areas in US by year end
Central bank body BIS delivers stark stablecoin warning
Uber, Waymo launch autonomous ride-hailing service in Atlanta
Turkey taking crypto transaction steps to hinder laundering, Simsek says
Can AI quicken the pace of math discovery?
AI sludge has entered the job search
Who wants a BlackBerry? Apparently, Gen Z
Bank of Korea deputy chief says desirable to introduce stablecoins gradually

Others Also Read