Trian Fund Pursues Disney Board Seats Despite Rejection, Citing Performance Concerns
• Nelson Peltz's Trian Fund pushing ahead with proxy fight for board seats at Disney after Disney rejects request
• Trian seeks multiple seats; has ally in former Marvel exec Ike Perlmutter
• Trian cites Disney's poor stock performance and "key strategic questions" as rationale
• Disney points to cost-cutting efforts, questions Perlmutter's agenda given his termination
• Trian calls Disney's new 2023 board additions "an improvement" but not enough