JPMorgan's Dimon Backs Disney's Iger Amid Renewed Activist Battle

JPMorgan Chase CEO Jamie Dimon expressed support for Disney CEO Bob Iger amid an activist investor fight with Trian Fund Management. Dimon called Iger a "first-class executive" with unique expertise.

Trian, run by Nelson Peltz, has criticized Disney's board and financial performance. It nominated Peltz and former Disney CFO James Rasulo for Disney's board.

Disney has pushed back against Trian's criticisms and questioned the qualifications of Trian's board nominees. It argues the board is delivering value.

Trian previously engaged Disney in a 2022 proxy fight that ended when Disney announced cost-cutting plans and executive reshuffling.

The current proxy battle will culminate in Disney's April shareholder meeting where shareholders will vote on board nominees.