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US pension fund CalPERS votes for Peltz, Rasulo in Disney boardroom fight
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US pension fund CalPERS votes for Peltz, Rasulo in Disney boardroom fight
Mar 29, 2024 5:14 PM

NEW YORK, March 29 (Reuters) - The California Public

Employees Retirement System (CalPERS) said on Friday the U.S.

pension fund has voted to elect activist investment firm Trian

Fund Management's two director candidates to the board of Walt

Disney Co. ( DIS )

"CalPERS believes Walt Disney Co ( DIS ) will benefit from fresh

eyes on its board of directors and voted its company shares in

favor of candidates Nelson Peltz and Jay Rasulo," the pension

fund, which owned 6.65 million shares in the entertainment giant

at the end of December, told Reuters.

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