Nelson Peltz and Jay Rasulo Nominated for Disney Board Despite Lack of Company Endorsement
Trian Partners, holding $3 billion in Disney stock, pushes for board positions to 'Restore the Magic' at Disney and establish a clear CEO succession plan.
- Billionaire businessman Nelson Peltz and former Disney CFO Jay Rasulo have been nominated by Trian Partners for positions on the Disney Board of Directors.
- Disney has explicitly stated that they do not endorse the nominations of Peltz and Rasulo.
- Trian Partners, which holds $3 billion worth of Disney stock, has submitted a preliminary proxy statement to the SEC as part of their initiative to secure these board positions.
- Peltz and Rasulo aim to 'Restore the Magic' at Disney by establishing ambitious goals and challenging the executive team to formulate a comprehensive strategy.
- Peltz has criticized the current Disney board for being too connected to CEO Bob Iger and has called for a clear succession plan.
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