[contentcards url=”https://www.wsj.com/articles/disney-defends-board-ceo-robert-iger-against-peltzs-criticisms-11673971148?mod=hp_lead_pos1″ target=”_blank”]
By Erich Schwartzel and Dean Seal
Entertainment company says investor lacks understanding of Disney’s business
Walt Disney Co. DIS 0.51%increase; green up pointing triangle fired back against activist investor Nelson Peltz, saying Tuesday that he didn’t understand the company’s business and shouldn’t be granted a seat on the board.
The entertainment company offered shareholders a 16-page slide deck that defends its Chief Executive Robert Iger against a monthslong campaign by Mr. Peltz to “challenge Mr. Iger’s legacy.”
