Trian Fund Withholds Votes for Iger, Seeks Disney Board Shakeup Over CEO Transition and Performance

Nelson Peltz claims the issue is with Disney's board, not Bob Iger, but his firm withheld votes for Iger's reelection.

Trian says Disney botched CEO succession from Iger to Chapek and had to bring Iger back.

Trian urges shareholders to vote for its nominees Peltz and Rasulo and withhold votes for two Disney directors.

Disney calls Trian's campaign "disruptive and destructive" and fueled by Ike Perlmutter's "personal agenda."

Trian says Disney's board lacks focus, alignment, and accountability leading to poor decisions and performance.