Disney says Peltz ‘lacks skills’ to help business as proxy battle heats up

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By Dawn Chmielewski LOS ANGELES (Reuters) – Walt Disney Co on Tuesday defended its decision to deny Nelson Peltz a board seat, saying the activist investor “lacked the skills and experience” to help the media and entertainment giant. The house of Mickey Mouse in a letter to shareholders also underlined the company’s successes under Chief Executive Bob Iger, who recently returned from retirement to lead the company for a second time. “Peltz does not understand Disney’s businesses and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media …

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