Posted 4/10/2024, 1:45:33 PM
Peltz Loses Disney Board Bid Despite Warnings, Raising Succession Plan Questions
- Peltz lost Disney board seat fight, only getting 30% of shareholder vote despite warnings from ISS and CalPERS
- Questions raised about Peltz's lack of media experience and ties to ousted Marvel chief Ike Perlmutter
- Peltz comments questioning need for women/minority-led Marvel films seen as "unforced errors"
- Iger now under pressure to properly handle succession plan to avoid another proxy fight
- Despite loss, Peltz earned estimated $300M-$1B in profits from Disney stock gains during proxy campaigns
