Disney Ramps Up Campaign Against Activist Investor Ahead of Shareholder Vote

The entertainment giant defends its board and strategic direction, warning against the potential disruption of Nelson Peltz's proxy fight.

Disney intensifies its campaign against activist investor Nelson Peltz, releasing a series of videos and statements to persuade shareholders ahead of the April 3 annual meeting.
The company accuses Peltz and his allies of being motivated by vanity and personal grievances, highlighting their lack of media experience and history of destructive behavior.
Disney garners support from the heirs of Walt Disney, who express confidence in CEO Bob Iger and warn against the dangers posed by 'activist investors.'
The company emphasizes its recent achievements and future plans, including investments in theme parks and a partnership with Epic Games, as evidence of its commitment to long-term value.
Shareholders are urged to vote for the current board, with Disney arguing that the changes proposed by Peltz and his firm are either misguided or already being implemented.