CalPERS Supports Peltz and Rasulo in Disney Board Battle

Saturday, 30 March 2024, 00:22

The US pension fund CalPERS has thrown its support behind Nelson Peltz and Jay Rasulo in the ongoing board battle at Disney. This move is expected to have a significant impact on the outcome of the fight, as CalPERS is a major player in the investment world. With CalPERS backing, Peltz and Rasulo seem poised to gain leverage in their bid to influence Disney's board decisions.

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CalPERS Endorses Peltz and Rasulo in Disney Board Battle

The US pension fund CalPERS has backed Nelson Peltz and Jay Rasulo in the ongoing board battle at Disney.

Summary of Impact

This endorsement could tip the scales in favor of Peltz and Rasulo
CalPERS is a major investor influencing shareholder votes
This move signals potential changes in Disney's board dynamics
The battle for control intensifies with CalPERS' support

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.