Trian's Nelson Peltz eyes Disney board seat and opposes Bob Iger

Activist hedge fund Trian Partners has been eyeing a stake in Disney for at least several months, according to a person familiar with the matter, building on a thesis that the company's past dealmaking has dragged on its performance.

Why it matters: The move by Trian into Disney's stock — together with the fund's plan to have its founding partner, Nelson Peltz, join the board — puts an added layer of pressure on the company to eventually make some type of strategic move (acquisition/divestiture) at a time when temperature levels are already high.