Nelson Peltz's Influence on Disney Increases Dramatically After a Man Disney Tried to Bury Shows Up

(AP Photo/Richard Drew, File)

It looks like Nelson Peltz is getting an infusion of power from a source Disney tried to rid itself of back in March. 

As I've been reporting, Nelson Peltz, founder and president of Trian Fund Management, has been steadily increasing his shares in Disney since the summer with the plan to eventually be able to influence it into reorganizing itself into a better, more profitable company. 

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Trian is an investment firm that specializes in gaining influence in failing or sinking companies and turning them around. Peltz has no intention of attempting a hostile takeover of Disney, but if Disney CEO Bob Iger flat-out refuses to go along with Peltz's plan, then Peltz will have no choice but to push for board seats using his shares and gain voting power. 

Peltz brought Trian's holdings within Disney to 30 million shares over the course of the past few months, valued somewhere at $2.5 billion, putting him in a ripe position to acquire board seats where the battle for the soul of Disney can begin. 

(READ: Disney Should Welcome a Takeover by Nelson Peltz With Open Arms)

But now it appears that Peltz's influence has grown dramatically and it's all thanks to former Marvel Entertainment chairman Ike Perlmutter, who has given Trian Fund Management sole voting power of his shares. 

According to TheWrap, Perlmutter's shares quadruple Peltz's power within Disney. 

This decision of Perlmutter's seems to come from more than just business. Perlmutter, who was part of Marvel Comics' board of directors from 1993 to 1997, and eventually became Marvel's CEO in 2005, was often known to have his differences with Iger. According to TheWrap, he was accused of not allowing movies to go forward that contained POC or female leads such as Black Panther and Captain Marvel, and was "penny-pinching." This reportedly put him at odds with Marvel Studios head Kevin Feige. 

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As Perlmutter lost influence within Marvel and Disney's grew, he found himself in a vulnerable position, and sure enough, when the mass layoffs Disney undertook in March came about, Perlmutter was tossed out. The layoffs were, as Perlmutter calls it, an excuse to get rid of him. 

“I have no doubt that my termination was based on fundamental differences in business between my thinking and Disney leadership, because I care about return on investment,” he told the Wall Street Journal. “[The layoffs were] merely a convenient excuse to get rid of a longtime executive who dared to challenge the company’s way of doing business.”

But Perlmutter had acquired a solid store of Disney stock after Disney acquired Marvel in 2009, and it's stock he held onto and increased since. Now, with Peltz sieging the Disney castle, Perlmutter is looking to open the gate from within. 

“While I was a Disney employee, I was not comfortable publicly stating my views on the company and its performance,” Perlmutter said in a statement given to TheWrap. “As someone with a large economic interest in Disney’s success, I can no longer watch the business underachieve its great potential. I urge Disney’s board to immediately welcome one or more Trian board candidates, including Trian’s CEO and Founding Partner, Nelson Peltz, into the boardroom.”

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To be sure, Disney is in drastic need of reorganizing and a far better plan to go by than the one it currently has. The once-great Magic Kingdom soaked itself in leftist politics and bad money decisions, prioritizing injecting woke socio-political messaging into everything it created instead of focusing on the family-friendly, imagination-centered creativity that Disney was known for. 

Americans, especially parents, have turned their back on Disney in droves causing horrible box office performances, a streaming service that is bleeding billions of dollars, failing park attractions, and a heap of societal scorn that even resulted in a recent South Park episode that lambasted Disney and Disney/Lucasfilm president Kathleen Kennedy. 

(READ: South Park Is Really Sticking It to Hollywood's Woke Culture and People Are Loving It)

With Perlmutter's shares now under Trian's control, Peltz is now a powerhouse and will likely gain multiple board seats in the coming weeks. What happens after that is largely up to Iger. As Peltz expressed before, he would rather things not get hostile and everyone works together, but Disney is not currently a company known for its internal stability. There will likely be struggles, to put it mildly.

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Many people see Peltz as the last, best hope for Disney, and a submission to Peltz's plan, whatever that plan is, might be one of the last things that could possibly save Walt Disney's dream from the people who have corrupted and squandered it. 

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