When an activist investor buys a chunk of a publicly traded company, existing management typically gets nervous – and with good reason. Just ask Bob Chapek.
On Nov. 20, Disney replaced Chapek as CEO Bob Iger, who had led the company from 2005 to 2020. According to the New York Times, “pressure [had] been building from activist investors, with Nelson Peltz’s Trian Fund Management joining [Dan] Loeb’s Third Point in calling for big changes.”
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