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According to the CEO of Tesla Motors, he would only be
interested in investing in the company if activist investor, Nelson Peltz was
elected to Disney’s board.
He made this known on his X page, after Peltz lost a
challenge to Disney’s board with majority of stakeholders voting against him.
Speaking on the development, Elon Musk, who was recently
appointed as Disney’s Chief Diversity Officer, said he believed that Peltz has
a lot to offer the company going by his track record.
Addressing the saga via his social media page, he tweeted:
“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.”
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