Nelson Peltz, a billionaire Trump supporter and investor, is taking on the Disney CEO in a battle that could determine the future of one of the world’s most influential entertainment companies.
According to QZ, Disney’s stock is down 44% in 2022, and the company as a whole has come under direct attack from the Florida government. Ron DeSantis.
But Disney’s biggest trouble may come from within.
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“Nelson Peltz threatened to disrupt. Bob EggerDisney’s return,” headlined Variety on Tuesday, just a day before a key earnings call for Disney.
It’s a battle that could determine the fate of Disney, one of the most powerful and influential entertainment companies on the planet.
It appears to represent a political shift, as current CEO Iger has said he would “consider a role” in the Biden administration before taking over as president. Peltz, on the other hand, was publicly supportive. Donald Trump In 2020
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According to Variety , Peltz is known to be “unhappy” with Disney’s response to the so-called “Don’t See Gay” bill, and is related to another major Trump donor, Marvel Entertainment Chairman Ike Perlmutter.
Variety reported that Perlmutter is “now betting” on DeSantis for the 2024 presidential election.
A rare Republican in Disney’s leadership, Peltz has faced major opposition and obstructionist tactics from Disney’s board.
Peltz was stonewalled in meetings, and when he tried to meet with Iger in December, “he was told the CEO would be sailing and wouldn’t be available until January,” per Variety .
But Peltz, who owns about $1 billion in Disney shares, has another chance to battle Iger for control during an earnings call meeting on Wednesday, Feb. 8.
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Disney made the new tolerance campaign’s “Worst of the Woke” list in 2022 after the company released a statement condemning DeSantis for what it called the “Don’t Say Gay” bill.
“Our goal as a company is to have this law repealed by the Legislature or overturned in the courts, and we support national and state organizations working to achieve that,” Disney announced. are committed to,” Disney announced.
“We are dedicated to standing up for the rights and safety of LGBTQ+ members of the Disney family, as well as the LGBTQ+ community in Florida and across the country.”
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