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    In Disney proxy battle, second firm urges shareholders to elect Nelson Peltz

    by Meg James, Los Angeles Times Mar 27, 2024 3 minutes
    Nelson Peltz and wife in New York City on June 25, 2014.

    One week before a highly anticipated shareholder vote, Walt Disney Co. sustained another blow as a second advisory firm recommended that investors elect billionaire Nelson Peltz to the entertainment giant's board of directors.

    Peltz, the Trian Fund Management founder, has gained steam in the closing weeks of his proxy campaign against Disney's board.

    On Wednesday, advisory firm Egan-Jones recommended that investors dump two longtime Disney board members — Maria Elena Lagomasino and Michael B.G. Fromanto make room for Peltz and his running mate, former Disney executive Jay Rasulo. Last week, the influential to the board but withheld an endorsement for Rasulo.

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