Nelson Peltz, founding partner at Trian Partners, has filed a preliminary proxy statement against Disney ($DIS), criticizing the management under CEO Robert Iger. Peltz argues that the company is not being run effectively and requires more capital investment to compete effectively. He has proposed measures to help boost Disney's stock, including aiming for 'Netflix-Like' streaming margins. Peltz has also highlighted Disney's $8B in cost cuts, the doubling of parks investment to $60B, and a surging cash flow. Despite acknowledging valid points on board oversight and succession planning, Peltz is keen to work with Iger and plans to release a white paper outlining his rationale for seeking a board position for himself and former Disney CFO Jay Rasulo.
ICYMI: I spoke to Nelson Peltz yesterday after his CNBC TV appearance. He is planning on releasing a white paper in a couple of weeks that will fully outline why investors should nominate him and former Disney CFO Jay Rasulo to the board. More here: https://t.co/Gdm6zj4cbb
Nelson Peltz Officially Launches Disney Proxy Fight, Aiming to Push Company to Hit 'Netflix-Like' Streaming Margins. But Can He Get the Votes to Win? https://t.co/JJZVVwzweo
Peltz is clueless tbh @RobertIger is miles ahead of Peltz - $8B in cost cuts, mainly on media side, driving margins, P&L and CF - Parks already announced a doubling of 10 year investment to $60B - CF is surging Board oversight - valid Succession - valid, but not urgent $DIS https://t.co/vVCKlf31Ag
"I want to work with Bob," said Nelson Peltz, keen and ready to work with $DIS CEO @RobertIger. @davidfaber @carlquintanilla @jimcramer https://t.co/0AuqZhsYZd
"I want to work with Bob," said Nelson Peltz keen and ready to work with $DIS CEO @RobertIger. @davidfaber @carlquintanilla @jimcramero https://t.co/h6mim3QLsM
"They need more capital investment now, the competition is getting keener" Nelson Peltz speaks to @jimcramer on what he thinks will help boost $DIS stock. @jimcramer @davidfaber @carlquintanilla https://t.co/KIq7WcN3BE
"This company is just not being run properly," Nelson Peltz, founding partner at Trian partners has filed a preliminary proxy statement against $DIS. @jimcramer @davidfaber @carlquintanilla https://t.co/vNJpvec4Fg
Bob is just a reincarnation of Jeff Immelt. https://t.co/4DgVJeXhjt
Nelson Peltz says he wants Disney board seats because the stock has underperformed the S&P 500, the board has failed at succession, there’s not a clear plan for ESPN streaming, margins trail Netflix, Disney has consistently failed at the box office … AND/OR: https://t.co/qWTWx7uAW3
Proxy fights “help keep me young,” Nelson Peltz tells CNBC.
CNBC having trouble fitting Peltz's ego on one screen.
"Bob has taken over a billion dollars out of $DIS" Absolute 🤡
Surprise! Nelson Peltz live on @cnbc right now talking Disney
The ongoing proxy fight between $DIS CEO @RobertIger and Trian founder Nelson Peltz continues. @davidfaber @jimcramer @carlquintanilla https://t.co/tRVunvhORC