Nelson Peltz charged Wendy’s $600K for security services: filing
Wendy’s chairman and largest shareholder, billionaire Nelson Peltz, billed the fast-food giant about $600,000 in “security-related costs” last year, according to securities filings. In a disclosure that didn’t get much attention last spring, Wendy’s As stated in the power of attorney on page 116 The board approved a $596,467 refund that Peltz claimed from an […]
Nelson Peltz slams Disney’s investment plans as throwing ‘spaghetti against the wall’
Billionaire Nelson Peltz’s Trian Fund Management criticizes Walt Disney’s investment plans. “Plan spaghetti against the wall” It said this in a letter sent to the entertainment and media giant’s shareholders on Monday. Mickey Mouse’s home is in a proxy battle with Mr. Peltz, who wants the company to cut costs, generate Netflix-like profits from its […]
‘Challenge’s Nelson Thomas to have foot amputated after crash
“The Challenge” star Nelson Thomas has announced he will have his leg amputated exactly one year after a brutal DWI car accident. “March 5, 2023 remains vivid in my memory and forever present in my thoughts. I am consciously accepting it as the beginning of a new chapter. I have made the choice to amputate. […]
Disney tops earnings forecast amid Nelson Peltz pressure
Walt Disney Co. on Wednesday handily beat Wall Street’s profit estimates, boosted by record performance at its theme parks and continued cost-cutting efforts, even though sales fell short of analysts’ expectations. Disney’s board of directors also approved a $3 billion stock repurchase program for the current fiscal year and will pay a dividend of 45 […]
Auction of Nelson Mandela’s belongings suspended after outcry from South Africa heritage agency | Nelson Mandela
A planned auction of dozens of works of art belonging to Nelson Mandela has been suspended pending a court application for a permanent halt, a group that protects South Africa’s cultural heritage has announced. The online auction was launched on February 24 by the New York-based Guernsey auction house in collaboration with Dr. Makaziwe Mandela, […]
$3B Disney bet caused Nelson Peltz’s hedge fund to underperform in 2023: source
A $3 billion bet on Walt Disney by Nelson Peltz's Trian Fund Management was compared to the investment management firm's activist hedge fund, according to financial details provided to Reuters by Trian investors. This was the main reason for last year's poor performance. The previously unreported details illustrate the high financial stakes for Tryon as […]
DARREN NELSON: Here’s What It Will Take To Actually Solve America’s Debt Problem
Federal debt has recently reached yet another all-time high, reaching a staggering $34 trillion as of December 2023, driven by $1.7 trillion in revenue and spending deficits. It's true that deficits increase debt, but spending is the driving force. Despite what Democrats would like us to believe, the solution is not to raise taxes or […]
Nelson Peltz: Disney’s board has ‘self-inflicted’ wounds
Jeff Sica, founder of Circle Squared Alternative Investments, reveals Varney & Co.'s biggest Hollywood winners and losers in 2023. Activist shareholder Nelson Peltz urges shareholders to vote against entertainment giant Nelson Peltz adding another candidate to its board pushed by him and his hedge fund They're hitting back at Disney for what they asked for. […]
Activist investor Nelson Peltz calls for Disney to hit ‘Netflix-like’ streaming margins
Activist investor Nelson Peltz called on Disney to “target and achieve Netflix-like profits” and finalize a succession plan to replace CEO Bob Iger, according to a Thursday proxy filing. I swore that I would. Mr. Peltz has been feuding with Mr. Iger for more than a year, with the company's stock hitting a 10-year low, […]
Disney tells shareholders to reject Nelson Peltz, other activists’ nominees to board
Walt Disney Co. said Tuesday it “does not support” the activist nominee in a preliminary proxy statement filed with the Securities and Exchange Commission. Disney CEO Bob Iger said in a letter to investors that the company has embarked on an “unprecedented transformation,” revamping its leadership team and streamlining operations to improve cost efficiency. He […]