Nelson Peltz is countering Disney's recommendation to shareholders to reject his board nomination, criticizing the current board for mistakes hurting profits. Peltz is the founder and CEO of Trian Fund Management, which owns $3 billion in Disney stock and is engaged in a proxy fight with Disney over board representation. In a new letter, Peltz criticized Disney's board for "self-inflicted wounds" that have hurt financial performance. He cited issues like poor CEO succession planning, misaligned executive incentives, and failure to profitably grow streaming. The company criticized Peltz for not offering any strategic plans for Disney.