Walt Disney Co on Friday said that remarks by activist investor Nelson Peltz criticizing the company for making movies dominated by female and Black actors is evidence that he shouldn’t be on Disney’s board.
Peltz, whose fight to join Disney as a director has become one of the year’s most bitter and closely watched board battles, in an interview with the Financial Times said Disney’s films have become too focused on delivering a message, and not enough on quality storytelling. He specifically took issue with “The Marvels” and “Black Panther.”
“Why do I have to have a Marvel that’s all women? Not that I have anything against women, but why do I have to do that?" Peltz said in the interview, published on Friday. "Why can’t I have Marvels that are both? Why do I need an all-Black cast?”
Asked about Peltz’s remarks, a Disney spokesperson responded: “This is exactly why Nelson Peltz shouldn’t be anywhere near a creatively driven company.”
But he’s not just an investor. He’s trying to get in the board of directors so he can affect products
And shouldn’t be allowed near it since his opinions are detrimental to both quality and profitability.
I’m more concerned with the first but investors should really be worried about the second given his stake. Disney is vulnerable to conservative takeover with enough capital.
Gross