This podcast episode delves into the recent proxy battle between activist investor Nelson Peltz and The Walt Disney Company. Peltz, a major shareholder, advocated for changes in cost-cutting, executive compensation, and streaming strategy, aligning with former Disney executive Ike Perlmutter. Despite not securing a board seat, Peltz's campaign prompted Disney CEO Bob Iger to announce significant cost cuts and layoffs. While Peltz has backed off, the episode notes that Disney faces ongoing challenges in cost management, spending discipline, and performance in its streaming business, with Peltz still holding shares and monitoring the company's progress.
