Disney Faces Shareholder Pressure to Shake Up Board and Strategy Amid Business Struggles

• Disney faces pressure from activist investor Nelson Peltz to shake up its board and strategy amid lackluster financial performance • Peltz is pushing for seats for himself and former Disney CFO Jay Rasulo at the shareholder meeting this week • Disney CEO Bob Iger has returned from retirement to lead a turnaround, but faces questions over streaming costs and succession planning • The bitter proxy fight has centered on Disney's business struggles and disagreements over its content direction • Shareholder advisory firms are split on whether to support Peltz or endorse Disney's full slate of board nominees