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Walt Disney shareholders backed Chief Executive Bob Iger and other company directors on Wednesday, defeating a campaign by activist investors who argued the storied entertainment giant had underperformed in the streaming-television era.
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The vote took place during Disney's annual meeting. Disney has won a proxy fight with an investor as shareholders re-elected all 12 directors during the company's annual meeting on Wednesday.
SAN FRANCISCO (AP) — Disney shareholders have rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney Chief Financial Officer Jay
Walt Disney Inc. (DIS), the entertainment conglomerate, has thwarted activist investors Nelson Peltz and Ike Perlmutter's attempts to shake up the company's board.