Page 40 - Jay Rasulo News Today

NEW YORK, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Trian Fund Management, L.P. (together with its affiliates, “Trian”, “our”, “we” or “us”), which beneficially owns $3 billion of common stock in

Nelson Peltz's Trian Fund Management is formally nominating the activist investor and a former Disney executive for a seat on Disney's board, two days after the media and entertainment company nominated a slate of directors that did not include either. Peltz and Jay Rasulo, Disney's former chief financial officer, said in a preliminary proxy filing Thursday that they wanted to complete a successful CEO succession at Disney and align management pay with performance. It was announ...

Activist investor Nelson Peltz called for Disney to “target and achieve Netflix-like margins,” and vowed to finalize a succession plan to replace CEO Bob Iger, according to a proxy filing Thursday.

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The proxy battle comes as CEO Bob Iger tries to streamline the sprawling media company to rein in spending and make its Disney streaming platform profitable.

Peltz is pushing for the right kinds of changes to fix the entertainment giant's problems and lagging stock price.

Activist investor Trian Fund Management on Thursday pushed in a regulatory filing for election of its nominees to Walt Disney's board of directors, saying fresh perspective can help restore "the magic" to the entertainment company. Trian noted Disney's per-share earnings in its most recent fiscal year were lower than a decade ago, despite more than $100 million in invested capital. Profit margins of Disney's streaming business lag peers like Netflix, it observed.

Trian Fund Management will amp up its case to get Nelson Peltz and Jay Rasulo elected to the Disney board in the coming months.

Nelson Peltz's Trian Fund Management is formally nominating the activist investor and a former Disney executive for a seat on Disney's board, two days after the media and entertainment company nominated a slate of directors that did not include either. Peltz and Jay Rasulo, Disney's former chief financial officer, said in a preliminary proxy filing Thursday that they wanted to complete a successful CEO succession at Disney and align management pay with performance. It was announ...

Trian Fund Management will amp up its case to get Nelson Peltz and Jay Rasulo elected to the Disney board in the coming months.