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Hollywood’s Villain of the Year Is the Trio Tormenting Disney

Nelson Peltz, Ike Perlmutter, and Jay Rasulo say they want to help Bob Iger restore the company to its 2015 glory. But doesn’t everyone in Hollywood? And wouldn’t you trust literally anyone instead of them?

Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami on March 30, 2023.
We’re now more than a year into Nelson Peltz’s on-and-off public war with Disney, and it’s still unclear what he and his Trian Partners actually want, other than for the stock price to magically return to the Fantasyland of the Covid bubble. Photo: Marco Bello/Getty Images
Matthew Belloni
January 2, 2024

Ask people in Bob Iger’s orbit for his reaction to Jay Rasulo joining the disgruntled shareholder fight against Disney, and you’ll get some version of Can you believe this?! Iger should be forgiven his incredulity; it’s all pretty remarkable, to be honest. Not so long ago, Disney was untouchable, the envy of Hollywood, and a multipronged media platform of such universal renown that Iger seriously considered running for president. Now, it’s still the biggest and best pure entertainment company in the world, but…