NEW YORK (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.
“CalPERS believes Walt Disney Co 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.
(Reporting by Svea Herbst-Bayliss; Editing by Paul Simao)
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