Posted 3/27/2024, 1:33:51 PM
Egan-Jones Backs Peltz's Bid to Shake Up Disney Board
- Egan-Jones recommends Disney shareholders vote to add Nelson Peltz and Jay Rasulo to Disney's board
- Egan-Jones also backs withholding votes for current Disney directors Michael Froman and Maria Lagomasino
- This follows ISS backing Peltz in his proxy fight ahead of Disney's April 3 annual meeting
- Egan-Jones sees little downside and upside in adding Trian nominees to the board
- Peltz aims to reverse Disney's lagging stock performance and achieve "Netflix-like margins"
