Page 6 - Jay Rasulo News Today

Bob Iger said the Disney board is proceeding with "urgency" in trying to identify the next CEO and called the proxy fight a "distraction."

Bob Iger handed Nelson Peltz a bruising defeat on Wednesday — and he did it, in part, by shoring up perceived weaknesses within Disney that the billionaire corporate raider had sought to exploit.

Disney shares shares were moving higher early Thursday, after falling more than 3% the previous session, as investors contemplate what lies ahead for the entertainment conglomerate after winning its highly publicized proxy vote battle. Monitor this key chart level.

After a gruelling $40 million campaign, Bob Iger triumphs over billionaire activist Nelson Peltz at Walt Disney Co.'s annual meeting.

KCRA 3 is rounding up all the information you need to know to get a head start on your day.

Disney CEO Bob Iger called Nelson Peltz's proxy battle with the company a "distraction" and said the company's board is focused on succession planning.

Investor Nelson Peltz, who lost his proxy battle with Disney, said his firm has nevertheless made about $1 billion in profit from its Disney stake.

Walt Disney fended off a challenge from activist investors as shareholders voted for Disney’s full slate of 12 candidates to sit on the board.

"They are confident they will choose the right person at the right time and they have some time to do that," Bob Iger tells CNBC

Disneyland has had ten bosses over the past 32 years and only two of them have presided over periods of sustained success. One stands head and shoulders above the others.