Trian’s Nelson Peltz Pushing for Disney Board Seat Again

Shannen Ace

Collage of Nelson Peltz and Bob Iger

Trian’s Nelson Peltz Pushing for Disney Board Seat Again

As Disney stock drops to its lowest price in nine years, Nelson Peltz is once again planning to push for seats on the company’s Board of Directors, unnamed sources told the Wall Street Journal.

Nelson Peltz
Credit: Patrick T. Fallon/Bloomberg

Peltz is a founder and CEO of Trian Fund Management, one of Disney’s largest shareholders, with stakes valued at over $2.5 billion. Trian is expected to request multiple board seats, including one for Peltz.

If Disney refuses the seats, Trian may nominate directors. The window for shareholder nominations is from December 5 through January 4. These nominations would then be voted on at Disney’s annual meeting next spring.

Peltz and Trian previously pushed for him to have a seat on the board after Disney privately turned down his request to join. He launched a public run for the seat in January 2023 but ended the “proxy war” with Disney the next month.


Peltz thinks that Disney shares are significantly undervalued and that they need a more accountable board aligned with shareholders. He ended his first push for a seat after Disney announced a major reorganizing and cost-cutting plan. The stock price did rise around this same time, reaching $113.21 on February 2. This was after a boost in late 2022 when CEO Bob Chapek was fired and Bob Iger was reinstated in the role.

Unfortunately, the stock price has been dropping since February, closing at $79.32 on October 4, 2023.

Disney stock was at its highest on March 8, 2021, closing at $201.91, following the news that Disneyland would soon reopen after a year-long closure due to the COVID-19 pandemic.

Disney is set to hold its next earnings call on November 8, in which the company will discuss the full year and fourth quarter 2023 financial results.

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  • Shannen Ace

    Shannen has been a Disney Parks fan and lover of dogs since childhood, despite Pluto's attempt to eat Shannen's Minnie Mouse doll the first time they met. They've made up now. You can email Shannen at