Disney(US:DIS) deadline.comยท2024-05-30 02:50Core Viewpoint - Nelson Peltz's campaign against Disney's management may have ended in defeat, but financially, it appears to have been beneficial for his firm, Trian Fund Management, as they sold their stake at a profit [1][2]. Group 1: Shareholder Campaign - Peltz's campaign against Disney's CEO Bob Iger and the board was marked by criticism of the company's declining share price [1]. - The campaign culminated in a loss at the April annual shareholder meeting, despite Peltz's efforts to influence the board [1]. Group 2: Financial Outcomes - Trian Fund Management sold its entire stake in Disney, which was valued at $3 billion at one point, including voting rights from former Marvel Chairman Ike Perlmutter [2]. - The sale occurred when Disney shares were around $120, resulting in a profit of approximately $1 billion [2]. - Disney's stock has seen an 11% increase in 2024, outperforming the S&P 500 [1]. Group 3: Investor Background - Peltz, a billionaire investor, faced criticism regarding his lack of experience in Hollywood but argued that his outsider perspective would benefit the board [2]. - He claimed that board members were overly reverent towards Iger, who has a long history with Disney [2].