Part 5/9:

Peltz's advocacy is amplified by his substantial stake—reportedly worth around $30 billion—making his voice an influential presence in Disney’s governance. The Trian Group, which Peltz is associated with, has called out Disney's underperformance and criticized Bob Iger's leadership in recent proxy statements. They argue that Disney’s stock performance lags behind its peers and that the current board lacks the relevant experience to navigate the company's recovery.

Disney's Defensive Stand and Rhetorical Battles

In response, Disney's leadership has sought to dismiss Peltz's candidates, claiming they lack the necessary qualifications and strategic insight. Disney also defended its existing board, introducing a slate of nominees that they believe are better suited to steer the company.