The move is hardly shocking, given the acrimonious nature of the battle. In recent weeks, Disney has stepped up its attacks on Trian and Peltz.
Nelson Peltz's Trian Management withheld its votes from Walt Disney CEO Bob Iger when voting its shares in the bitter proxy battle the asset management firm is waging against the entertainment giant.
The Disney board meeting will be held on April 3, and Trian could change its vote between now and then.Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative Institute Priority Summit in Miami, Florida, US, on Thursday, March 30, 2023.The move is hardly shocking, given the acrimonious nature of the battle.
In recent weeks, Disney has stepped up its attacks on Trian and Peltz. "Correcting Trian's Fact With Fiction" was the headline of a recent investor presentation from Disney, over a picture of Pinocchio with a growing nose. Withholding its votes from Iger, however, is hardly a supportive move of his leadership, and it raises questions about how toxic of an environment the boardroom would be if Peltz is elected to the Disney board next month.
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