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The activist investor Nelson Peltz is making another play for The Walt Disney Co. In February, Peltz ended his proxy battle with Disney in a big win for CEO Bob Iger, but with the Hollywood giant’s stock remaining under pressure despite reorganization moves, Peltz is eyeing a renewed push for board seats, according to a …
Can CEO Bob Iger fend him off again now that Disney's share price is weakened?
Disney shares hit a new nine-year low last week as the company grapples with various uncertainties from leadership unknowns to a potential asset sale — all while activist investor Nelson Peltz launches a renewed attack on the media giant.
Mike Blake/ReutersThe ceasefire is off. Earlier this year, ultra-aggressive investor Nelson Peltz had ignited a war against Disney and its CEO Bob Iger, demanding that the company rein in expenses and modify executive compensation. The battle cooled after Disney made some changes, but with the stock still sliding, Peltz apparently isn't happy, and he has reportedly acquired a larger stake in the business. According to The Wall Street Journal, his firm is likely to seek multiple seats on the boar
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