Nelson Peltz's Trian Fund Management will seek multiple board seats at Disney — and will take its case directly to shareholders.
Disney (DIS) has announced that outgoing Morgan Stanley CEO James Gorman (MS) and Former CEO of Sky Jeremy Darroch (CMCSA) will be joining the multinational media company's board of directors while former Illumina CEO Francis deSouza (ILMN) will not seek re-election. Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest development from Disney and what it for CEO Bob Iger's business strategy. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
NEW YORK, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Blackwells Capital LLC, a shareholder of The Walt Disney Company (“Disney” or the “Company”) (NYSE:DIS) since 2018, today issued its support for the ongoing transformative restructuring led by the Company’s CEO Bob Iger, and stewarded by an enviable Board of Directors recently enhanced through the appointments of James P. Gorman and Sir Jeremy Darroch. Displacing these individuals or other members of the Board with Mr. Peltz and other Trian selected no