Blackwells Criticizes Disney Rival Trian, Calls its Nominees the Only Qualified Candidates

Jan 22 (Reuters) – Hedge fund Blackwells criticized rival Walt Disney (DIS.N), opens new tab activist shareholder Trian Fund Management on Monday, saying the Nelson Peltz-led firm had “not offered a single strategic idea” to aid the entertainment giant’s turnaround, according to a press release shared with Reuters.
“Astoundingly, Mr. Peltz recently claimed that he would like ‘a guy who doesn’t have media experience’ on the Disney Board,” Jason Aintabi, chief investment officer of Blackwells,” said in a statement. “We remind Mr. Peltz that Disney is a significant media company and, now more than any time in its history, needs Board members with deep media experience.