Entertainment
Proxy Adviser Egan-Jones Backs Nelson Peltz’s Slate in Disney Board Vote
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Proxy adviser Egan-Jones said Walt Disney Co. stockholders should support billionaire activist Nelson Peltz’s nominees to the entertainment giant’s board, saying it will force the company to “listen to new and different ideas.”
The endorsements Tuesday provide a boost to Peltz’s Trian Fund Management LP, which controls about $3.5 billion of Disney shares. Trian has nominated Peltz as well as Jay Rasulo, Disney’s former chief financial officer. Institutional Shareholder Services last week also backed Peltz’s nomination.