Iger on Proxy Battle: Disney Board's Top Priority Is CEO Succession
Bob Iger said the Disney board is proceeding with "urgency" in trying to identify the next CEO and called the proxy fight a "distraction."
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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.
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