Disney trounces activist shareholders in a major win for Bob Iger
By Allison Morrow and Hadas Gold, CNN
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By Allison Morrow and Hadas Gold, CNN
Disney said its board triumphed by “a substantial margin” over the nominees put forward by Trian Fund Management and Blackwells Capital.
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.
Disney shareholders reject activist investor Nelson Peltz's board nominees, ending a combative, months-long proxy battle over the company's strategy.
Disney shareholders have rallied behind longtime CEO Robert Iger. They voted Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo, who had