Nelson Peltz

5 Stories

Disney Finally Gets Activist Investor Off Its Back

Nelson Peltz reportedly dumps his entire Disney stake after losing proxy battle, makes $1B in profit

(Newser) - Last month, the "most expensive corporate proxy fight in history" ended for Nelson Peltz without the seats on Disney's board that he'd hoped for. Now, the activist investor is dumping all of his stock in the company: A source tells CNBC that Peltz has sold off his...

'Most Expensive Corporate Proxy Fight' Ever Is Over

Peltz loses bid for board seats after expensive proxy battle

(Newser) - Disney held its annual shareholder meeting Wednesday—and CEO Bob Iger prevailed in a long-running battle over board seats. Shareholders voted to re-elect all 12 of the company-backed board members, including Iger, Variety reports. They rejected a slate that included activist investor Nelson Peltz of investment firm Trian Partners and...

Disney's Activist Investor Slams 'Woke' Marvel Films

'Why do I need an all-Black cast?' Nelson Peltz asks in interview with 'Financial Times'

(Newser) - Black Panther's target demographic isn't necessarily the white octogenarian set, and you can count Disney activist investor Nelson Peltz as not a fan of the highly rated 2018 action-adventure flick. Peltz recently gave a wide-ranging interview with the Financial Times in which he criticized a too "woke"...

George Lucas Picks His Player in Disney Proxy Battle

'Star Wars' filmmaker goes to bat for CEO Bob Iger in fight against Nelson Peltz, as does Jamie Dimon

(Newser) - Nelson Peltz's hedge fund is trying to seize two seats on Disney's board of directors, but he's got some opposition, including from one of the entertainment giant's biggest single shareholders: Star Wars director George Lucas, who says he's backing the board and the leadership of...

Wendy's on Block as Stale Sales Sink Earnings

High beef prices, tough competition take toll

(Newser) - Wendy's is looking for buyers as the hamburger chain's earnings and market share plummet. Aggressive competition from McDonald's and Burger King as well as soaring beef and dairy prices have taken a  big bite out of Wendy's bottom line, the Wall Street Journal reports.

5 Stories