Page 13 - Jay Rasulo News Today

In the end, it was a big win for the Disney slate over the activist investor - even Nelson Peltz says so

Disney shareholders on Wednesday rejected board nominees allied with activist investor Nelson Peltz.

Disney shareholders rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo, who had sought seats on the company’s board.

Investors unhappy with Disney's "woke" direction hoped to infiltrate the board, but were voted down by shareholders.

Disney's annual shareholder meeting on Wednesday brought a victory for the company's board nominees including CEO Bob Iger after a months-long proxy battle with activist investors and offered key details on the entertainment giant's streaming strategy and parks segment.

After a heated battle for control, Nelson Peltz failed to secure seats on Disney's board by losing to Disney CEO Bob Iger.

The company's corporate leadership was facing a bold attack from billionaire activist investor Nelson Peltz, who loudly pushed the company to come up with a concrete succession plan and derided efforts to make more diverse movies and shows.

Disney proxy fight: Bob Iger wins, handing Nelson Peltz a defeat in push for board seats.

KTBB News Weather Talk

Hedge fund investors who sought seats on Disney's board have been defeated. Disney secured enough votes from shareholders at its annual meeting on Wednesday…