Trian Partners, led by Nelson Peltz, is in a battle with Disney over the company's strategies and cost-saving plans. Trian questions Disney's cost-saving initiatives and efficiency, suggesting more cuts could benefit the company. Despite the conflict, Trian has been increasing its stake in Disney over the past year.
TRIAN: TRIAN HAS BEEN A NET BUYER OF DISNEY STOCK OVER LAST 12 MONTHS, AND DISNEY IS ONE OF THE LARGEST POSITIONS IN TRIAN'S PORTFOLIO
TRIAN : DISNEY'S DTC COST STRUCTURE APPEARS INEFFICIENT IN TERMS OF COST OF REVENUE, TECHNOLOGY AND OTHER OPERATING EXPENSES AND SG&A
TRIAN: WE BELIEVE "JUMPING THE GUN" ON ANNOUNCEMENT ON SPORTS STREAMING SERVICE WITH FOX AND WARNER BROS REDUCED DISNEY'S NEGOTIATING LEVERAGE
TRIAN : SUSPECT THERE ARE MORE OVERHEAD, EXCESS SPENDING TO BE CUT & THAT SHOULD FALL TO BOTTOM LINE WITHOUT IMPAIRING DISNEY'S GROWTH PROSPECTS
TRIAN: QUESTION WHETHER DISNEY SLASHING ANNUALISED CONTENT SPEND BY $4.5 BLN WHILE RAISING PRICES FOR SUBSCRIBERS IS THE "RIGHT STRATEGY"
TRIAN SAYS "MAJORITY OF THE SO-CALLED COST SAVINGS APPEAR TO SIMPLY BE COST AVOIDANCE, NOT COST REDUCTION" REFERRING TO DISNEY'S COST SAVING PLAN
TRIAN: DISNEY'S PURPORTED COST SAVINGS DO NOT APPEAR TO BE HITTING THE COMPANY'S BOTTOM LINE - MARCH PRESENTATION
In stark contrast to Trian Partners founder Nelson Peltz's ongoing fight against @RobertIger, Glass Lewis stands firmly behind the $DIS CEO. @davidfaber & @SaraEisen discuss. https://t.co/Xvc1Ckl6Pl
CNBC has a guy from Yale taking Disney’s side vs Trian/Peltz. Too extreme. Just as Trian is way, way too extreme. Iger tuened a big corner last quarter. Congrats. He should be allowed to continue the effort without this idiot Peltz, whose ideas are either already happening or…
NEW: While Nelson Peltz’s hedge fund argues it can help “restore the magic” at Disney, it has been grappling with its own upheaval. New details on the drama at Trian, with @laurenthomas https://t.co/dcRscv2xCw