US pension fund CalPERS votes for Peltz, Rasulo in Disney boardroom fight

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The California Public Employees Retirement System (CalPERS) said on Friday the U.S. pension fund has voted to elect activist investment firm Trian Fund...

FILE PHOTO: A screen shows the trading info for The Walt Disney Company company on the floor of the NYSE in New York

"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. Truth Social's owner, which counts Donald Trump as its biggest shareholder, is now worth more than American Airlines and Ralph Lauren by one measure.The stock value of Reddit and Donald Tump's Truth Social took a hit by the end of trading on Thursday ahead of Easter weekend and the NYSE's Friday closure.This dividend stock has been absolutely crushing the TSX 60 and looks like it will continue to do so while providing a juicy dividend.

 

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