Top Disney Shareholder CalPERS Backs Activist Investors Peltz and Rasulo for Board Seats, Citing Need for New Perspectives

CalPERS pension fund, a top Disney shareholder with 6.7 million shares, backs activist investor Nelson Peltz and former Disney CFO Jay Rasulo for board seats

CalPERS says new directors will provide "fresh eyes" and promote needed corporate governance changes

Vote on April 3 for 12 board seats is now seen as very close, with Peltz gaining momentum despite Disney's campaigning

Influential advisory firm ISS recommended adding Peltz to board over succession planning concerns

Activist investor Blackwells Capital separately sued Disney over alleged inappropriate ties to shareholder ValueAct Capital