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Billionaire Nelson Peltz's Trian Fund Management criticized Walt Disney's investment plans, calling it a "spaghetti against the wall plan," in a letter sent to the entertainment and media giant's shareholders on Monday.
Iran-backed terrorists launched two more attacks on US and allied troops in Syria over the weekend, according to officials — as US Secretary of State Antony Blinken visited Saudi Arabia.
A $3 billion bet on Walt Disney by Nelson Peltz's Trian Fund Management was largely responsible for the investment management firm's underperformance last year.
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.
Walt Disney said Tuesday it "does not endorse" the candidates nominated by activist shareholders in a preliminary proxy filed with the Securities and Exchange Commission.