Disney Dismisses Call to Add Activist Peltz to Board, Backs CEO Iger Despite Succession Concerns

Influential proxy advisory firm ISS recommends adding activist investor Nelson Peltz to Disney's board, but Disney chairman Mark Parker dismisses the advice.

Laurene Powell Jobs, a major Disney shareholder, issues statement backing "once-in-a-generation leader" Bob Iger and current Disney board.

Disney critiques Peltz, notes his ties to Ike Perlmutter who has "fraught history" with Iger, argues Peltz does not bring needed skills.

Disney defends board member Maria Elena Lagomasino, who ISS recommended replacing with Peltz, as having vital investor perspective.

Despite Disney's objections, ISS still calls for Peltz citing flawed succession planning, with Iger already having delayed retirement twice.