Oh, Disney
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On April 3, Disney’s shareholders will vote to fill 12 seats on the company’s board of directors. Nelson Peltz, whose investment firm Trian Partners controls $3.5 billion of Disney stock, is seeking a seat for himself and Disney’s former CFO.
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But Disney executives and influential shareholders like George Lucas and Jamie Dimon are fully in support of Bob Iger, the current chief, who is defending the seats from takeover.
Peltz outlined his strategy for influencing the future of Disney in a 133-page long white paper called “Restore the Magic.”
The Weekend Brief will break down next week’s momentous showdown for control of the media giant’s corporate board.
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