Activist Investors Nelson Peltz and Jay Rasulo Win Support from CalPERS for Disney Board Shake-Up
Los Angeles, California – The California Public Employees Retirement System (CalPERS) has made a significant decision to influence the makeup of the Disney board. The pension fund, managing over $465 billion in assets, has backed the election of activist investors Nelson Peltz and Jay Rasulo. This move comes after a prolonged battle between Peltz, Rasulo, and CEO Bob Iger, as well as the existing board of directors. CalPERS, a major shareholder with approximately 6.6 million …