Peltz owns a ton of Disney stock, and has the voting rights of Ike Perlmutter’s stock as well. (Perlmutter sold Marvel to Disney and was paid off with a lot of stock.)

Peltz demanded a couple of seats on the board of directors. Disney, of course, refused, as the board of directors is carefully stocked with Bob Iger’s yes-men, automatic-stamp cronies.

Now Peltz is going to Disney’s shareholders to ask them to vote with him as well and force non-cronies on to the board who will actually safeguard investor value instead of just Bob Iger’s woke propaganda mission.

[Iger seems to be in real trouble, and Peltz has at least the muscle to do damage to his standing. In March 2021, Disney stock traded at $195 a share. Today it’s at less that $93, which is a decline of over 17% in value in this year alone. That’s actually a rebound from a low of $81 a share a month ago, but that’s hardly enough to satisfy large stakeholders in the House of Mouse. — Ed]