Disney Facing Intense Board Battle as CalPERS Supports Peltz & Ex-CFO

Saturday, 30 March 2024, 21:21

In an unexpected turn of events, Disney faces a challenging board battle as CalPERS backs activist investor Nelson Peltz and a former CFO. With the shareholder vote deadline approaching, tensions are high and the outcome remains uncertain. The support from a major pension fund adds a new dynamic to the already intense battle, leaving Disney's future decisions hanging in the balance.

https://store.livarava.com/8a0fa607-eedf-11ee-8913-87cc5c87fb08.jpg — Disney Facing Intense Board Battle as CalPERS Supports Peltz & Ex-CFO

Disney Board Battle Intensifies

Days before the shareholder vote deadline, the board battle for Disney just got even more white knuckled. The unexpected support from CalPERS for Nelson Peltz and a former CFO has added a new layer of complexity to the situation.

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