The Walt Disney Company’s recent proxy battle has been an arduous process, but CEO Bob Iger just got a pretty hefty reinforcement in the form of a massive endorsement.
©Disney | Walt Disney Company Headquarters
With the Disney shareholders’ virtual meeting quickly approaching on April 3rd, 2024, activist investor Nelson Peltz, former Disney CFO Jay Rasulo, and Trian Partners’ attempt to control two Board of Directors seats has been met by a fierce political-like campaign from current Disney brass. That campaign was strengthened on Tuesday when Disney and Iger got a resounding endorsement from its largest individual shareholder.
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