Billionaire Disney investor Nelson Peltz plans to back former President Donald Trump's bid to retake the White House, criticizing current President Biden for a 'really scary mental condition' and the country's 'degradation' under his leadership.
Key Points
Nelson Peltz plans to support Donald Trump in the upcoming presidential election.
He criticized President Biden for his mental condition and the country's handling of illegal immigration.
Peltz is involved in boardroom battles with Disney CEO Bob Iger.
Disney has faced criticism for its business decisions and financial performance.
Pros
Nelson Peltz is a prominent investor with a significant influence in the business world.
His backing of Trump may signal a shift in support towards the former President.
Cons
Criticism of Biden's mental condition may be seen as unfounded or politically motivated.
Peltz's comments on illegal immigration and government spending may be divisive.