Activist investor Nelson Peltz sells entire Disney stake after proxy battle loss
Looks like Disney fended off an attempt by Peltz and others to salvage what was once a reliably family-friendly brand. No, Disney wanna stay woke. Joke's on them; some of the freed-up money is going to Trump.
You have to be stupid to buy Disney stock. Their board seems stacked with people who have no qualifications and have no financial interest in how the company does. Peltz’s fund owned a big block of Disney shares and he couldn’t get a seat on the board. Apparently none of the other big shareholders, which are mutual funds, care how it does either.