Nelson Peltz's Trian Management Withholds Votes for Disney CEO Bob Iger in Proxy Battle

  • 2 months ago
Nelson Peltz's Trian Management withheld its votes from Disney CEO Bob Iger in the proxy battle against Disney, raising questions about boardroom dynamics if Peltz joins. Trian is officially recommending votes for Peltz and Jay Rasulo and withholding votes for two board members. Peltz says he wants to help, not fire, Iger, but withholding votes contradicts that. Disney has attacked Trian in presentations, calling them "Fact With Fiction." Trian owns around 1.5% of Disney shares combined with Ike Perlmutter. The Disney board meeting to vote is on April 3rd.