top of page
  • Writer's pictureRealFacts Editorial Team

Nelson Peltz Exits Disney: A Strategic Sell-off Following Failed Proxy Battle


Nelson Peltz

Nelson Peltz, a well-known activist investor, said this week, “We are proud of the impact we have had in refocusing this Company on value creation and good governance,” Nelson has sold his entire stake in Disney, as confirmed by a source familiar with the matter. Peltz’s shares were sold at approximately $120 each, resulting in a total gain of about $1 billion. This move was strategically executed as Disney’s stock currently hovers around $100 per share, indicating Peltz’s exit was both timely and profitable.


This sell-off follows a proxy fight where Trian Partners, Peltz’s investment company, failed to get seats on Disney’s board. In early April, Disney shareholders voted to keep the current board members, rejecting Peltz’s attempt to join with former Disney CFO Jay Rasulo. Peltz had criticized Disney’s management, especially its streaming plans and succession strategy, after Bob Iger’s time as CEO.


Even though Trian Partners didn’t win the proxy fight, they’re proud of pushing Disney to focus more on governance and creating value. Disney’s stock has gone up by about 11% since the start of the year, slightly better than the S&P 500. But Disney hasn’t said anything yet about Peltz leaving or what it means for the company’s future.


Comments


bottom of page