Disney Leadership in Flux After Shareholder Vote Tests CEO Transition

Proxy fight with activist investor Nelson Peltz a direct challenge to Bob Iger and his botched succession planning
ISS and other key shareholders backed Peltz, citing failed CEO transition from Iger to Chapek in 2020
Regardless of shareholder vote, Disney likely to announce new succession plan soon after to reassure investors
Iger's wounds from fight may force him to let board properly vet both internal and external candidates
Board member James Gorman could push Iger to cooperate, having just overseen smooth succession at Morgan Stanley