Disney is holding out hope that shareholders will vote in their favor at the upcoming annual meeting.
The Walt Disney Company is in the middle of a proxy battle with activist investor, Nelson Peltz, who is petitioning to get a seat on the Company’s Board of Directors. Disney and CEO Bob Iger have urged stock owners to vote against Peltz using the help of cartoon allies and Walt Disney’s grandchildren. But, it’s the shareholders who could end up being the winners in this battle.