Page 21 - Jay Rasulo News Today

Disney shareholders have rallied behind longtime CEO Robert Iger

(Bloomberg) -- Walt Disney Co. is leading in its proxy fight against billionaire Nelson Peltz with more than half of the votes counted, the Wall Street Journal reported, citing people familiar with the matter.Most Read from BloombergTrump’s Net Worth Drops $1 Billion as Social Media Firm SinksErdogan Suffers Historic Loss in Turkey Municipal ElectionsCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownCrash or Soar? Traders Are Preparing for Stock Market ExtremesTesla Has Wall...

Walt Disney appeared to pull ahead of activist investors in the battle for board seats and the future of the global entertainment conglomerate, with more than half of all shares voted before...

Conservative foundation America First Legal, founded by Stephen Miller, claims that Disneys DEI initiatives are "unlawful discrimination."

Disney may be edging past Nelson Peltz in a proxy fight as more shareholders support the company's board nominees ahead of the annual meeting.

Disney's shareholder vote has become a contentious referendum on CEO Bob Iger, who has struggled to tame enormous problems that prompted his return in late 2022.

Disney's shareholder vote has become a contentious referendum on CEO Bob Iger, who has struggled to tame enormous problems that prompted his return in late 2022.

Amid a proxy battle with Trian Partners, Walt Disney gains traction as major investors like BlackRock and T. Rowe Price back Disney. This support boosts CEO Bob Iger amid efforts to resist Trian's board representation push. The outcome remains uncertain as shareholders cast votes ahead of the annual meeting.

The entertainment giant has secured the support of BlackRock, its second-largest shareholder

Other than “Avatar: The Way of Water,” Disney has not had a movie generate more than $1 billion since the last Star Wars movies in 2019.