California Pension Fund Backs Trian Fund Management's Director Picks for Disney Board

Friday, 29 March 2024, 23:42

The California Public Employees Retirement System (CalPERS) supports Trian Fund Management's director choices, Nelson Peltz and Jay Rasulo, for Walt Disney's board, emphasizing the need for fresh perspectives. CalPERS, owning 6.65 million Disney shares, sees the potential benefits of new board members in this highly-watched corporate control battle.
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California Pension Fund Backs Trian Fund Management's Director Picks for Disney Board

CalPERS Votes Peltz and Rasulo:

Boost for Disney's Boardroom

  • California Pension Fund supports Trian Fund Management's picks.
  • CalPERS believes Disney will benefit from new directors.
  • Trian Fund Management's director picks are Nelson Peltz and Jay Rasulo.

The California Public Employees Retirement System (CalPERS) voted to elect activist investment firm Trian Fund Management's two director candidates to Walt Disney's board, emphasizing the importance of fresh perspectives in corporate governance.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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