Reports have claimed that the attempt by Disney to fend off a proxy move by conservative investor Nelson Peltz, a Trump supporter, may be successful, although critics have responded that the leak of such news may have been an effort by Disney to tip undecided institutions and shareholders to vote for the incumbent board.
Reuters reported on Tuesday night that, according to ”sources,” Disney’s board of directors were “safely ahead” of Trian Fund Management’s two challengers, Nelson Peltz and former Disney CFO Jay Rasulo, and that “Blackwells Capital, another hedge fund that nominated three board director candidates at Disney, was also unsuccessful in its attempt.” Peltz had nominated himself and Rasulo to join Disney’s board of directors.
“Trian may still be able to claim a financial win at Disney, given that the company’s shares have gained nearly 50% since early…
