In 2005, the well-known entity that exists today was established with the collaboration of three business partners, including Nelson Peltz. This period marked a significant juncture where Peltz initiated impactful endeavors like investing in Heinz, which later transformed into Kraft Heinz. The key focus during this time was driving cost reductions within the organization.
CEO Bob Iger is fighting off activist investor Nelson Peltz, who argues the company spends too much on message-based “woke” programming and is campaigning for seats on the Disney board.
This episode was produced by Hady Mawajdeh and Jesse Alejandro Cottrell, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Patrick Boyd, and hosted by Noel King.
Transcript at vox.com/todayexplained
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