Renowned billionaire entrepreneur Elon Musk has openly voiced his keen interest in acquiring shares of the esteemed American multinational mass media and entertainment giant, The Walt Disney Company, widely recognized as Disney. However, Musk stipulated that his investment would be contingent upon the election of activist investor Nelson Peltz to Disney’s board.
This announcement follows Peltz’s recent defeat in a challenge to Disney’s board, as the majority of stakeholders voted against his candidacy. Musk, who was recently appointed as Disney’s Chief Diversity Officer, expressed his confidence in Peltz’s potential contributions to the company, citing his impressive track record.
On his X handle, he wrote: “Nelson Peltz should definitely be on the Disney board!
“He would help reform the company, improve the quality of product and generally serve in the best interests of shareholders, as he has done at many other companies.
“This would significantly improve Disney’s share price.
“While I don’t own any Disney shares today, I would definitely buy their shares if Nelson were elected to the board.
“His track record is excellent.”
