A man named Nelson Peltz is upset with Disney because he thinks they are not doing a good job. He owns part of the company and wants to help make it better, but the people in charge, including Bob Iger, don't want his help. He says that Disney has not been making as much money as other companies and their boss is getting paid too much. Nelson Peltz will try to talk to all the shareholders at a big meeting next year and convince them to make changes at Disney. Read from source...
- Peltz claims he loves Disney but his actions show otherwise. He is not interested in helping Disney improve but rather pushing for his own agenda and control over the company. His criticism of the board's underperformance is selective and misleading, as it does not account for the impact of the pandemic, competition, regulatory challenges, etc.
- Peltz accuses Iger of being overpaid based on his compensation package, but he fails to acknowledge that Iger has led Disney to remarkable success and growth in recent years, including the acquisition of Fox, the launch of Disney+, the expansion of theme parks, the creation of Marvel Studios, etc. Iger's compensation reflects his leadership and vision for the company, not just its financial performance.
- Peltz implies that the board is a bunch of friends of Iger who are incompetent and loyal to him at the expense of shareholders. This is a baseless accusation that ignores the fact that the board consists of independent directors with diverse backgrounds, expertise, and experience. The board has fiduciary duties to act in the best interest of all stakeholders, not just Iger or Peltz.