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.
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