The Walt Disney Company has been involved in a heated proxy battle with activist investor Nelson Peltz, who is petitioning to get multiple seats on the Company’s Board of Directors. Trian Partners nominated Peltz and former Disney CFO Jay Rasulo to be elected to the Board, but Disney has made it clear they don’t endorse either candidate.
Both Disney and CEO Bob Iger have urged shareholders to vote against Peltz and Rasulo, with some help from cartoon allies and Walt Disney’s own grandchildren. It all comes to a head at the Annual Shareholders Meeting, which is why tomorrow is such a big day for the Walt Disney Company.