Peltz says Disney long-term track record ‘remains disappointing’

At its Annual Meeting of Shareholders, Disney began by naming its nominees for the board, recommending that all its candidates be placed on the board. In response, Trian Partners’ Nelson Peltz, who is seeking seats on the media giant’s board for his own slate of nominees, said that the long-term track record at Disney “remains disappointing,” adding that he believes the board bears responsibility for this track record. Disney said its board of directors does not endorse the Trian or Blackwells nominees and recommended against their proposal.