Anderson W. White

Disney sees a revenge story: Mr. Peltz is aligned with Ike Perlmutter, who was ousted from an executive job at Disney, and Jay Rasulo, a former Disney executive who was passed over for chief executive in 2015 and resigned. Disney has asked shareholders to reject Trian and another activist investor, Blackwells Capital, arguing that giving them board seats would slow the company’s turnaround effort. (Mr. Peltz waged an unsuccessful campaign for a Disney shake-up last year.)“The last thing that we need right now is to be distracted, in terms of our time, our energy, by an activist or activists that…

Treasury Secretary Janet L. Yellen will tell lawmakers on Tuesday that the United States has had a “historic” economic recovery from the pandemic but that regulators must vigilantly safeguard the financial system from an array of looming risks to preserve the gains of the last three years.Ms. Yellen will deliver the comments in testimony to the House Financial Services Committee nearly a year after the Biden administration and federal regulators took aggressive steps to stabilize the nation’s banking system following the abrupt failures of Silicon Valley Bank and Signature Bank.While turmoil in the banking system has largely subsided, the Financial…

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