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Investor Nelson Peltz: ‘I’m not trying to fire Bob Iger, I want to help him’

The billionaire on his fight to fix Disney, keeping politics out of the boardroom — and why he is backing Trump again

At lunch as in business, Nelson Peltz makes his preferences known. Sweeping past the row of pink bougainvillea into Trevini in Palm Beach, the octogenarian activist investor and father-in-law of Brooklyn Beckham greets me, then turns to the waiter: “Can you turn the music down? We have important stuff to talk about.”

It’s the proprietor’s prerogative — Peltz’s 19-year-old investment firm, Trian Partners, owns the building and the Italian restaurant is their de facto canteen. Soon the elevator-style music quietens down and we settle at our table on the outdoor terrace. 

Peltz, 81, dressed in the off-duty-billionaire uniform of navy blue polo shirt and zip-up jumper, is a busy man. He’s waging his second proxy fight in as many years at US entertainment group Walt Disney; he’s trying to sharpen up Unilever, the maker of Marmite, Dove soap and Hellman’s mayonnaise; and he’s “reluctantly getting involved in US politics again”. 

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