He also guaranteed victory in the proxy fight.
Earlier this week,it sent its own communiqueto shareholders, touting the earnings and other activities.
Trian is seeking to have Peltz and former Disney CFO Jay Rasulo elected to the companys board of directors.
Trian Fund Management, which is engaged in a proxy fight with Disney, depicted what it called the media company’s “spaghetti-against-the-wall” approach in a cartoon accompanying a recent letter to shareholders.Courtesy
According to Trian, the initiative lacks a product roadmap or expected return targets.
Similarly, it asserted that Disneys formation of a sports streaming venture with Fox Corp. and Warner Bros.
Discovery likely confused consumers, surprised important content partners and competes with the companys own services.
Oh, come on.
Were not going to lose, OK?
Lets get that straight, he responded.
The people who own this stock, they want action.
They dont want promises, OK?
Thats not what they want.
Were gonna win.
We never plan and state what were going to do if we lose because we dont lose.
This company sells at a multiple of their pronouncements, Peltz told CNBC.
All of a sudden, theyve awakened and they want to make all these announcements.
Disney shareholders need the company to consistently perform under the watchful eye of a vigilant board.
That is the recipe for good eating.
