Walt Disney's Proxy Tug of War Pulls Shares to 52-Week Highs

Key PointsWalt Disney is facing a proxy war as billionaire Nelson Peltz aims for Disney Board of Directors seats to be voted on April 3, 2024, at the shareholder meeting.Peltz claims the Board of Directors has been unengaged, unfocused and lacking accountability in his 133-page white paper, which includes CEO succession of Bob Iger, for a turnaround of the company with shareholders in mind.Disney stated their direct-to-consumer (DTC) segment, which includes Disney+, will be profitable by Q4 2024.5 stocks we ...