Mission Accomplished? Despite Losing Proxy Fight, Billionaire Nelson Peltz Reportedly Sells Entire Disney Stake For $1B In Profit

Nelson Peltz may have lost the battle with Disney, but in strict financial terms may have won the war. The activist investor waged a months-long campaign against CEO Bob Iger and the media company’s board of directors, ending in a decisive defeat at April’s annual shareholder meeting. At the heart of the effort was a blistering critique of the company’s then-languishing share price. As Iger sought to deliver cost reductions and streaming profits, while also trying to right a capsized movie ship and work th ...