Posted 4/3/2024, 6:08:00 PM
Disney Shareholders Overwhelmingly Reject Activist Investor Nelson Peltz's Board Bid
- Iger and Disney board defeat Nelson Peltz's attempt to get on board, winning about 75% of shareholder votes
- Iger takes a swing at "distracting proxy contest" now behind Disney, can focus 100% on growth
- Peltz received only 31% of votes, lagging behind board member Maria Elena Lagomasino 2 to 1
- Both Peltz and fellow activist investor Jay Rasulo failed to gain traction with shareholders
- Despite win, Disney still faces issues around Iger's succession plan as his contract runs through 2026
