Things could be changing at the Walt Disney Company, but the Company’s Board of Directors isn’t just sitting back and letting it happen without at least issuing a response.
For a while, we’ve been covering the situation with activist investor Nelson Peltz and Trian Parters/Group. Basically, Peltz has been attempting (for some time) to get a seat on Disney’s Board of Directors. He’s had meetings with both Bob Chapek and Bob Iger, but ultimately Disney has pushed back and refused to offer him a seat, arguing that he is not qualified. Peltz and Trian Partners have since decided to mount a battle for a seat on the Board of Directors, and now Disney has responded in a big way.