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Billionaire businessman Elon Musk has expressed strong desire to buy shares of American multinational mass media and entertainment conglomerate, The Walt Disney Company, commonly known as Disney.<\/p>\n
He, however, said he would do so only if activist investor Nelson Peltz was elected to Disney\u2019s board.<\/p>\n
Recall that Peltz lost a challenge to Disney\u2019s board with majority of stakeholders voting against him.<\/p>\n
Reacting, Musk, who was recently appointed as Disney\u2019s Chief Diversity Officer, said he believed that Peltz has a lot to offer the company going by his track record.<\/p>\n
On his X handle, he wrote: \u201cNelson Peltz should definitely be on the Disney board!<\/p>\n
\u201cHe 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.<\/p>\n
\u201cThis would significantly improve Disney\u2019s share price.<\/p>\n
\u201cWhile I don\u2019t own any Disney shares today, I would definitely buy their shares if Nelson were elected to the board.<\/p>\n
\u201cHis track record is excellent.\u201d<\/p>\n
Elon Musk states condition for buying Disney<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
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