Page 8 - Jay Rasulo News Today

Disney has reportedly secured enough shareholder votes to defeat a challenge against its board mounted by activist investor Nelson Peltz.

By Oliver Darcy, CNN

Disney won enough votes for its board candidates to successfully defeat Nelson Peltz's Trian hedge fund, per an unconfirmed report.

The winner of what is expected to be the most costly proxy battle in history will be revealed today

As Walt Disney Co. looks set to conclude a showdown over the composition of its board, bulls have sent the stock soaring.

Enough votes had been cast as of Tuesday evening to put Disneys board directors safely ahead of Trians two challengers, that included Peltz and former Disney chief financial officer Jay Rasulo, the sources said.

The battle for the future of Disney is about to reach its epic conclusion.

Elon Musk endorsed Nelson Peltz's seemingly failed bid for a spot on the board of directors of The Walt Disney Company.

Disney shareholders reject billionaire investor Nelson Peltz, who wanted changes, for a board seat. The hard-fought battle exposed Disney's challenges.

Disney's leadership prevailed Wednesday in a high-profile and costly proxy contest against activist investors who had sought to shake up the company's board over concerns about successorship planning.Led by billionaire investor Nelson Peltz, Trian had blasted the Disney board over botched leadership planning after Iger, who stepped down as CEO in 2020, was reinstated following his successor's firing in November 2022.