Disney shareholders backed CEO Iger over activist shareholders seeking change at the company’s annual meeting. Investors rejected a bid by Nelson Peltz and Jay Rasulo for board seats, opting to support Iger’s leadership. Peltz’s Trian Partners had been pushing for management changes at Disney, but shareholders voted otherwise. Since Trian’s involvement, Disney has made notable strides, with its stock price rising significantly in recent months. The decision solidifies Iger’s position at Disney, following his return to the CEO role in 2022 after a brief hiatus. The company’s focus now shifts to leveraging recent growth and maintaining shareholder confidence in its leadership.
Disney Shareholders Reject Activist Investor Peltz, Back CEO Iger
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