Disney is currently embroiled in a proxy fight, with activist investor Nelson Peltz and his firm Trian Fund Management criticizing the company's recent investment plans and strategic decisions. Disney highlighted its earnings, partnerships with Fortnite and the 'Eras Tour' deals, and other deals in a letter to shareholders, urging their support. In response, Trian has publicly assailed Disney's moves, describing them as a 'spaghetti-against-the-wall plan' and expressing confidence in winning the proxy battle. The company has taken the unusual step of sending detailed financial documents, including the full 10K and Proxy, directly to retail shareholders, who hold 37% of Disney shares, in an effort to garner their support.
Trian’s latest proxy fight letter features a cartoon of Disney’s board, which sums up how Peltz and Trian view the earnings release and recent announcements https://t.co/tAZxoIkO8J
Billionaire Peltz's Trian criticizes Disney's investment plans in letter to investors https://t.co/QPLSrf0XVL https://t.co/SmvivlEP1Z
Nelson Peltz slams Disney’s investment plans as throwing ‘spaghetti against the wall’ https://t.co/B1m1S37v2g https://t.co/7hAJqmhuvV
Activist investor assails Disney moves as ‘spaghetti-against-the-wall plan' https://t.co/srfZDqIGDB
⚠️ BILLIONAIRE PELTZ'S TRIAN CRITICIZES DISNEY'S INVESTMENT PLANS IN LETTER TO INVESTORS Full Story → https://t.co/1Ei6HDBsPx
Trian letter to Disney $DIS https://t.co/FYarWFFErF always fun to read
Activist investor Trian assails Disney moves as ‘spaghetti-against-the-wall plan’ https://t.co/4ASNv6QauK
Nelson Peltz Rips Disney's Spree Of Earnings-Timed News As "Spaghetti Against The Wall", Guarantees Victory In Proxy Fight https://t.co/b4Dpkuge51
$DIS ain’t playing with this proxy contest. Sending the full 10K and Proxy to retail shareholders instead of a one page “click here to vote.” 37% of shares in retail hands, many of which are Parks lovers and still stan for Iger. https://t.co/oTCAvAbNqH
My reaction after Disney asks me for my support (I own 10 shares) in their proxy battle https://t.co/a7ANbYrZZ1
Disney Plugs Earnings, Fortnite & 'Eras Tour' Deals In Letter To Shareholders Amid Ongoing Proxy Fight https://t.co/tvO4XfzeRD