Nelson Peltz has lost his campaign for two board seats at the Walt Disney Company. But did he have anything to offer?
Now that the smoke has cleared from the most expensive proxy fight in corporate history — the $600-million battle between investor Nelson Peltz and the management of the Walt Disney Co.
Sonnenfeld and Tian followed their critique of Peltz with an admiring analysis of Iger's return, in which they said 'he is pulling off one of the most remarkable turnaround and transformation stories in media and entertainment history.' Peltz meanwhile lined up testimonials from his own fans. They included Unilever CEO Alan Jope, who cited Peltz's 'strong track record in the consumer products industry,' and Elon Musk.
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