Disney is engaged in a proxy battle against activist investors

Members of the Disney family are backing the company's leadership in the fight

Photo collage of Steamboat Willie, the original Mickey Mouse appearance, with newspaper clippings of stocks and investments. There are two cartoon explosions interspersed with the clippings.
A group of activist investors, led by Nelson Peltz of Trian Partners, are attempting to win seats on Disney's board
(Image credit: Illustration by Julia Wytrazek / Getty Images)

There is an internal war brewing at The Walt Disney Company — one that has even seen family members of the Mouse House's creator get involved. Disney's leadership is currently locked in a "proxy battle" against a group of activist investors attempting to win seats on the company's board. 

The activist investors are led by Nelson Peltz, the billionaire brainchild behind the hedge fund Trian Partners. The hedge fund currently owns about $3 billion of Disney stock, and Peltz has been engaged in an ongoing fight with Disney CEO Bob Iger to secure seats on the board. Peltz has been an outspoken critic of Iger's leadership of Disney, and this latest battle is at least his "25th attempt to take control of the company," Fortune said. But the longstanding fight may finally be coming to an end soon, as a Disney corporate meeting this April will see shareholders "cast their votes for either the [board] nominees endorsed by Disney, or for Peltz and his sidekick, former Disney CFO Jay Rasulo," Fortune said.

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