CalPERS Elects Trian Fund Management Candidates to Disney Board Amid Corporate Control Battle
NEW YORK, United States – The California Public Employees Retirement System (CalPERS) recently made a significant decision in the business world by electing activist investment firm Trian Fund Management’s two director candidates to Walt Disney’s board. This move comes amidst one of the most closely watched battles for corporate control. CalPERS, a major shareholder in Walt Disney Co, believes that the addition of Nelson Peltz and Jay Rasulo to the board will bring fresh perspectives …