Disney shareholders on Wednesday voted down a bid by hedge fund Trian Partners to put two activist investors on the board to help boost the company’s stock price, according to ABC News.
Nelson Peltz, along with another member of the Trian Group, were denied seats on the 12-person board of nominees, according to ABC News. Peltz has been previously critical of incorporating politics into business, slamming Disney’s insistence on pushing “woke” messaging in movies such as having female and black-dominated casts in “The Marvels” and “Black Panther,” respectively.
