Posted 4/4/2024, 5:15:00 PM
Peltz Made $1B on Disney Stock, Vows to Monitor Company Progress After Losing Board Bid
- Peltz says he made about $1 billion profit on Disney stock gains, not the reported $300 million
- Peltz lost the proxy fight to get board seats, but got 31% shareholder support
- Disney CEO Iger struck a constructive tone and pledged better shareholder contact
- Peltz says he'll "watch and wait" to see if Disney keeps promises on succession, streaming, etc.
- Peltz won't rule out another proxy fight in 2025 if Disney doesn't follow through
