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Enough votes had been cast as of Tuesday evening to put Disney's board directors safely ahead of Trian's 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.