Nelson Peltz’s Trian Fund Management blasted Disney on Wednesday for “running a scorched-earth campaign that appears to be focused on deflecting attention from the Board’s failures.”
The statement noted that the activist investors “loves” the entertainment giant and “believes it has unparalleled assets and opportunities and every reason to grow and prosper.” It argues that its only objective in its proxy fight is to help Disney and its shareholders.
“Instead of recognizing our good faith and track record, Disney claims that we have a history of ‘attacking’”’ companies and have ‘“’infiltrated’”’ boards and we are seeking to create ‘maximum disruption.’ More unscrupulous still is Disney’s claim that our candidates (including Disney’s own former CFO) are ‘oblivious’ and that our ideas for improving the Company are ‘dangerous’ and ‘inane,’” the statement continued.
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