CalPERS Backs Nelson Peltz & Ex-CFO in Disney Board Vote Battle

Sunday, 31 March 2024, 03:46

A pivotal moment in the Disney board clash as CalPERS, a major pension fund, sides with activist investor Nelson Peltz and a former CFO. The support from CalPERS, holding 6.7 million shares in Disney, adds significant weight to the upcoming shareholder vote. This move intensifies the battle between Disney and Peltz, impacting the outcome of board decisions.

https://store.livarava.com/3a40a801-ef6b-11ee-8914-87cc5c87fb08.jpg — CalPERS Backs Nelson Peltz & Ex-CFO in Disney Board Vote Battle

Disney Board Clash Intensifies with CalPERS Support

Around 100 hours before the deadline for all Disney shareholders to cast their ballots in the acrid board clash between the Mouse House and activist investor Nelson Peltz, one of the country’s top pension funds just rolled its cannons onto the battlefield. With 6.7 million shares in Disney, the California Public Employees Retirement System (CalPERS) …

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