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Axios
Axios
Business

Trian's Peltz loses attempt to join Disney's board

Disney Trian Nelson Peltz Bob Iger Jay Rasulo Maria Elena Lagomasino

Disney fended off Trian Partners' Nelson Peltz and his bid to gain seats on its board of directors, the company said on Wednesday.

Why it matters: The shareholder tally culminates the most expensive proxy fight ever and is a victory for the board and leadership team at the $225 billion entertainment giant.

Zoom in: Trian sought to replace Disney directors Maria Elena Lagomasino and Michael Froman.

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