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Trian Partners faces opposition from top Disney shareholders in 2024

CNBC — April 2, 2024, 04:00 PM UTC

Summary: In 2015, Nelson Peltz's Trian Partners lost an activist campaign against DuPont due to top institutional shareholders' opposition. Now, Vanguard, State Street, and BlackRock, Disney's largest shareholders, could influence Peltz's campaign against CEO Bob Iger. BlackRock supports management, while Trian has backing from Marvel's Ike Perlmutter and proxy advisory firms. Vanguard holds 8% of Disney shares, crucial in the upcoming shareholder vote.

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Article metrics
Significance5.2
Scale & Impact0.0
Positivity5.0
Credibility9.0
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Timeline:

  1. [4.4]
    Shareholders vote to maintain Disney's current board (ABC News)
    196d 9h
    Source
  2. [2.7]
    Nelson Peltz reflects on Disney proxy battle loss (Deadline)
    196d 9h
    Source
  3. [1.7]
    Nelson Peltz discusses Disney proxy fight loss on CNBC (Hollywood Reporter)
    196d 10h
    Source
  4. [4.2]
    Bob Iger emphasizes succession planning after Disney's investor victory (Deadline)
    196d 13h
    Source
  5. [2.9]
    Disney's CEO Bob Iger expresses gratitude at shareholders meeting (The Walt Disney Company)
    197d 9h
    Source
  6. [1.9]
    Disney CEO Bob Iger wins proxy battle decisively (CTV News)
    197d 9h
    Source
  7. [3.0]
    Disney defeats boardroom coup led by Nelson Peltz (The Guardian)
    197d 10h
    Source
  8. [2.4]
    Disney fends off Peltz, faces streaming challenges, leadership transition (Los Angeles Times)
    197d 10h
    Source
  9. [2.5]
    Disney defeats activist investor Peltz in board battle (Financial Times)
    197d 11h
    Source
  10. [2.8]
    Disney shareholders to vote on board members, including Peltz's (CNBC)
    197d 17h
    Source
  11. [2.6]
    Disney and CEO Bob Iger lead in board reelection (Variety)
    198d 15h
    Source
  12. [2.8]
    BlackRock supports Disney board, Trian seeks seats, proxy battle (Deadline)
    198d 22h
    Source
  13. [5.1]
    Trian Fund Management challenges Disney's board in 2024 (Variety)
    199d 12h

    ScoresSource
  14. [6.0]
    Disney faces investor showdown over leadership and performance concerns (The Guardian)
    199d 17h

    ScoresSource
  15. [5.5]
    CalPERS supports Peltz and Rasulo for Disney board (Deadline)
    201d 6h

    ScoresSource
  16. [4.5]
    CalPERS elects Peltz and Rasulo to Disney's board (Hollywood Reporter)
    201d 20h
    Source
  17. [5.5]
    Blackwells Capital sues Disney over ValueAct ties, seeks changes (Deadline)
    203d 3h

    ScoresSource
  18. [4.5]
    Trian Group challenges Disney board for better financial performance (Variety)
    206d 14h
    Source