Billionaire and American investor Nelson Peltz said on March 4th local time that Walt Disney lost a "good hand" and accused its board of "inadequate supervision". He hopes to be elected as a board member next month.
In a 133 page report, radical investor and founder of Trian Fund Management, Peltz, stated that Disney has been slow to adapt to industry changes, including streaming, has made mistakes in acquisition strategies, and succession planning, leaving a "leadership gap".
Trian Fund Management is vying for two seats on Disney's board of directors, stating that Peltz and former Disney CFO Jay Rasulo are suitable candidates to inject fresh blood into the board.