NYC Pension Funds Back Disney Board Over Activist Nelson Peltz in Boardroom Battle

NYC pension funds worth $300M support Disney board in fight against activist investor Nelson Peltz
NYC Comptroller Brad Lander believes Disney's board and management need time to execute strategic transformation
Lander raises concerns about Peltz's "troubling performance" on other boards and lack of value to Disney
The funds hold 2.6M Disney shares, not a huge stake but high profile as NYC retirement money
Shareholder vote for Disney's 12-member board is underway, ends April 2nd, with Peltz seeking a seat