Disney Proxy Fight: Bob Iger, Nelson Peltz React To Board Vote
In the end, it was a big win for the Disney slate over the activist investor - even Nelson Peltz says so
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In the end, it was a big win for the Disney slate over the activist investor - even Nelson Peltz says so
Disney shareholders on Wednesday rejected board nominees allied with activist investor Nelson Peltz.
Disney shareholders rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo, who had sought seats on the company’s board.
Investors unhappy with Disney's "woke" direction hoped to infiltrate the board, but were voted down by shareholders.
Disney's annual shareholder meeting on Wednesday brought a victory for the company's board nominees including CEO Bob Iger after a months-long proxy battle with activist investors and offered key details on the entertainment giant's streaming strategy and parks segment.