Bob Iger discusses proxy fight with Nelson Peltz after board vote
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.
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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.