Part 3/8:
Context of Peltz’s Activism and Proxy Battle
Nelson Peltz’s involvement with Disney has been marked by a mix of activism and strategic investment. Earlier this year, Peltz's proxy campaign focused on issues like Disney's streaming strategy and succession planning within the executive ranks. Peltz's firm increased its stake to about 30 million shares in October, signaling an assertive stance on governance reforms.
Despite Peltz’s efforts, Disney shareholders re-elected the existing board lineup in April, which was seen as a setback for his activist campaign. Peltz expressed disappointment but maintained that his involvement aimed at enhancing shareholder value and improving corporate governance.