Disney Board Retains Control After Shareholders Reject Activist Investor Nelson Peltz

Shareholders side with Disney, allowing the incumbent board to retain their positions in proxy battle against activist investor Nelson Peltz
Disney stock is trading lower on the news, down nearly 3% as investors digest what this means going forward
Peltz says Trian will continue monitoring Disney's performance closely no matter the outcome
Succession planning remains a priority for Disney's board after the failed leadership transition from Bob Iger to Bob Chapek
Analysts believe the proxy fight increased pressure on Disney, contributing to recent strategic announcements and positive stock performance