Posted 3/22/2024, 4:48:00 PM
Eisner Publicly Backs Iger Against Activist Investor Peltz, Recalling His Own Fight Against 'Raiders'
- Michael Eisner, Disney's former CEO, publicly backs current CEO Bob Iger against activist investor Nelson Peltz
- Eisner recalls fighting off "corporate raiders" in 1983 before his successful 20-year run as CEO
- Eisner argues that allowing an outsider like Peltz to disrupt Disney could severely damage the company
- Iger has also received backing from the Disney family, George Lucas, and others against Peltz
- Proxy advisor ISS recently sided with Peltz, citing concerns over Disney's succession planning