Last updated Jan. 23, 2024
Disney's challenges have piled up since Bob Iger's return as CEO, including strikes, cost-cutting efforts and mounting pressure from activist hedge fund Trian Fund Management and its co-founder activist Nelson Peltz.
Driving the news: Peltz formally asked Disney shareholders to elect himself, as well as former Disney executive Jay Rasulo, to the company's board of directors. Blackwells criticized Trian and solicited support for its three nominees to Disney's board in a preliminary proxy filing.
