Posted 3/19/2024, 8:07:00 PM
George Lucas Backs Disney's Iger in Boardroom Battle with Activist Investor Peltz
- Legendary filmmaker George Lucas backs Disney CEO Bob Iger in proxy fight with activist investor Nelson Peltz
- Lucas says "No one knows Disney better than Bob Iger" and urges shareholders to vote for Disney's board
- Lucas has been a Disney shareholder since selling Lucasfilm in 2012 and was "relieved" when Iger returned as CEO
- Activist investor firm Trian Partners has put forward Nelson Peltz and former Disney CFO James Rasulo as board nominees
- Proxy fight expected to culminate in shareholder meeting in early April, with Glass Lewis advising shareholders to side with Disney