Disney’s Proxy Fight Heats Up | Bob Iger May Lose the Board

The proxy fight between Disney CEO Bob Iger and investor Nelson Peltz is coming to a head with shareholders voting this week on whether or not to keep the current Disney board.

Nelson Peltz, who represents Trian Fund Management, is proposing shareholders elect himself and former Disney CFO Jay Rasulo to replace two of Bob Iger’s board members. In recent weeks other investment firms have been backing Nelson Peltz’s effort to at least a degree. This is primarily brought on by the accusation that the current Disney board are just “yes men” to Bob Iger and the company lost the creative spark that made them a dominating force in the entertainment industry.

Sources:
►Variety:
Disney Board Showdown: What’s at Stake at Contentious 2024 Shareholder Meeting
https://variety.com/2024/biz/news/disney-board-fight-peltz-at-stake-2024-shareholder-meeting-1235955562/

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