Disney Boardroom Battle Heats Up as Second Proxy Advisor Backs Activist Peltz

Proxy advisor Egan-Jones backs activist Nelson Peltz and former Disney exec Jay Rasulo for Disney board seats, recommends withholding support for two Disney nominees
Cites lack of succession plan and inflexible business model as issues with current Disney board
This is the second major proxy advisor to back Peltz after ISS endorsement earlier this month
Trian has criticized Disney over succession planning, film strategy and stock performance since beginning fight in 2022
Glass Lewis has sided with Disney board nominees, while Iger and Disney also have support from George Lucas, Laurene Powell Jobs and some in Disney family