Brooklyn Beckham and Nicola Peltz's former wedding planners have slammed the lawsuit against them as "frivolous".
Disney Skewers Nelson Peltz As Lacking “Skills And Experience To Assist Board”; Reveals Marvel Chair Isaac Perlmuttter Backed Activist Investor
17.01.2023 - 20:53 / deadline.com
Disney came out swinging Tuesday against Trian Partners and owner Nelson Peltz, the activist investor who’s pushing a proxy fight to take a seat on Disney’s board. “The current board is the right board for Disney shareholders,” the company said in a filing today with the SEC. “Nelson Peltz does not understand Disney’s business and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem.”
The public battle has been raging mostly so far on the website of the Securities and Exchange Commission where Trian filed a string of documents last week urging Disney shareholders to vote for Peltz as director at the upcoming annual meeting, and in opposition to Disney’s own nominated slate of directors. Trian said Disney has suffered from “self-inflicted wounds” and could benefit from outside advice and direction. Trian had said that meetings it sought with executives to discuss were too little, too late.
Disney, for its part, lists meetings and calls starting in the summer of 2022 with former CEO Bob Chapek, CFO Christine McCarthy, directors Amy Chang and Safra Catz, General Counsel Horatio Gutierrez and Bob Iger, a number initiated by Marvel chairman Isaac Perlmutter who supported Peltz and lobbied Disney execs and board members on his behalf.
“Peltz, or Isaac Perlmutter (an employee and shareholders of Disney who currently serves as Chairman of Marvel Entertainment) on Peltz’ behalf, asked for a Board seat or suggested he should be added to the Board no less than 20 times since July 2022,” Disney said.
Disney today slapped up its own stream of financials to defend its track record, its deals and current CEO Bob Iger, who re-took the reins in November, and, the
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deadline.com
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thewrap.com
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thewrap.com
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deadline.com
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Disney Proxy Battle: Who Is Nelson Peltz And Why Does He Want To Be Let Into The Magic Kingdom?
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