Disney (DIS) has hit back at activist investor Nelson Peltz amid its ongoing proxy battle with the hedge fund billionaire.
“Nelson Peltz does not understand Disney’s businesses and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem,” Disney said in an updated proxy statement on Tuesday, adding: “The current Disney board is the right board for shareholders.”
The company once again defended its stock performance under CEO Bob…
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