Disney rejects Peltz and acitivist investor board nominees

The Walt Disney Company (NYSE:DIS) has formally rejected board member candidates put forward by activist investors, including Nelson Peltz. Chief executive Bob Iger wrote that the company had embarked on an “unprecedented transformation” in becoming cost efficient and that he did “not endorse” the nominees in a letter to shareholders on Tuesday. Activist investor Trian Fund Management put forward two candidates for Disney's board in December, including its chief executive Peltz. Former Disney chief financia ...