Trian presses Disney to replace board member Michael Froman with Nelson Peltz

Trian dials up heat in Disney proxy fight, pressing to replace board member Michael Froman with Nelson Peltz

with Disney's $71 billion acquisition of Fox in 2019, board missteps in the succession planning process and losses for shareholders.that Disney shareholders should vote to remove Michael Froman from the board and replace him with Nelson Peltz.

Trian is arguing that Disney shareholders have lost out in value over the years due to "weak corporate governance." The firm said Disney lost more than $120 billion of its market value in 2022, earnings per share has declined 50% since 2018 and pointed to Disney eliminating its dividend in 2020.

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