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Disney, Peltz Still Fighting Over Board Seat
Disney’s board continues to fight back attacks from the Trian Group, an activist investment firm, and its Founding Partner Nelson Peltz as he tries to gain a seat in the boardroom.
Parker Takes Over as Disney Chair
Disney’s board has elected Nike Executive Chairman Mark Parker as its next chairman. Parker, a board director since 2016, will succeed Susan Arnold who cannot stand for re-election pursuant to the company’s 15-year term limit. As a result, the size of the board will be reduced to 11 members.