Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Adam Jeffery | CNBC Nelson Peltz is stepping down as chair of Wendy’s, ending a 17-year reign at the fast-food chain. Wendy’s said Friday that the change is effective immediately. Peltz’s exit comes as low-income consumers eat out less, … Read more
Elon Musk and Donald Trump’s once frosty relationship seems to have almost completely thawed at this point as the former (and possibly future) president apparently told the Tesla CEO about how much he loves the Cybertruck. It’s a match made in shithead heaven. Tesla’s Cybertruck Has Finally Arrived In fact, Musk actually gave Trump a … Read more
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023. Marco Bello | Bloomberg | Getty Images Nelson Peltz’s Trian Partners has amassed a significant stake in Terminix parent Rentokil and is seeking to engage with leadership … Read more
Over the past few years, former President and current felon Donald Trump and Tesla CEO Elon Musk have become more and more aligned when it comes to political stances. Now, it’s being reported that Musk may actually take some sort of advisory role should Trump be reelected this November. Tesla’s Cybertruck Has Finally Arrived Musk … Read more
Bob Iger and Nelson Peltz. CNBC Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC. Peltz sold all of his stock at close to $120 dollars a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 … Read more
Nelson Peltz’s proxy battle was a “distraction” and Disney can now focus on trying to turn a streaming profit and planning its succession, its CEO Bob Iger said on CNBC’s “Squawk on the Street” on Thursday, just one day after handing a stinging defeat to the activist investor. “One of the things that I feel … Read more
My top 10 things to watch Thursday, April 4 The Dow bounces back Wednesday after a three-session losing streak. As of Wednesday’s close, the 30-stock average is on pace for its worst weekly loss since October. Is activist investor Nelson Peltz done with Club name Disney ? Does it matter to the stock? Disney shares … Read more
With Walt Disney’s months-long proxy war with activist investor Nelson Peltz in the rear-view mirror, attention is refocused on finding CEO Bob Iger’s successor. The board has extended Iger’s retirement date five times, continually deferring decisions about finding a replacement. Disney board members sought to reassure investors, ahead of Wednesday’s shareholder vote, that this time … Read more
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney shareholders on Wednesday will settle a long-simmering proxy battle led by billionaire investor Nelson Peltz. Voters will decide whether the company’s board deserves another year together, … Read more
Bob Iger, CEO of The Walt Disney Company, speaks during the grand opening ceremony of Shanghai Disney Resort’s Zootopia-themed attraction at Shanghai Disney Resort on December 19, 2023 in Shanghai, China. Visual China Group | Getty Images Disney’s largest shareholder, index-fund manager Vanguard, plans to support management over Nelson Peltz’s Trian Partners in Wednesday’s board … Read more
