The Disney-Nelson Peltz Proxy Battle, Explained

Available to WrapPRO members

The activist investor is pushing for two board seats at the House of Mouse to try to boost transparency, focus and accountability

Disney CEO Bob Iger and activist investor Nelson Peltz (Credit: TheWrap/Chris Smith/Getty Images)

Disney’s proxy fight with activist investor Nelson Peltz is heating up as Trian Fund Management co-founder and the House of Mouse’s former chief financial officer Jay Rasulo will stand election at the company’s annual meeting on April 3.

Shareholders of record as of the close of business on Feb. 5 will be entitled to vote at the meeting. Disney has approximately 1.8 billion outstanding shares, according to its latest proxy filing.

Expect a feisty one. TheWrap broke down the corporate intrigue and its major players.

What’s a proxy fight?

A proxy fight is when shareholders join forces to try to pressure a company’s management or board of directors to make changes using rules of corporate governance.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.