Disney family unites behind CEO Iger in proxy fight against activist investor Peltz
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Disney CEO Bob Iger has the backing of Walt and Roy Disney's heirs in his proxy fight against activist investor Nelson Peltz.
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The Disney family members wrote letters to shareholders encouraging them to support Iger and not give in to Peltz's demands.
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Peltz is seeking board seats and wants cost cuts, executive pay changes, and the stock dividend back.
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Abigail Disney, who has criticized Iger before, was among the family members backing him against Peltz.
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Roy Disney's heirs directly criticized Peltz, saying he and other activists are "villains" who cannot be trusted with Disney.