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Broadcasting & Cable
Broadcasting & Cable
Business
Jack Reid

Nelson Peltz's Trian Fund Withholds Board Votes for Bob Iger After Claiming Support

Nelson Peltz Trian.

Nelson Peltz and his Trian Fund have publicly claimed to support Bob Iger's ascension to the Disney board of directors. The logic: Such a move would, in their stated opinion, facilitate a transition away from Iger as CEO of the company.

On Monday, Pelz and Trian -- which control $3.5 billion of Disney stock -- reiterated that position: “Trian supports Mr. Iger as a candidate for the Board and as CEO," the activist shareholder said in a new statement. 

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