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Activist investor Nelson Peltz faced a defeat in a proxy fight against Disney CEO Bob Iger as shareholders voted for Iger's board slate by a substantial margin. Bob Iger successfully defended Disney against Peltz's quest for board seats, officially ending a highly contested battle that has plagued the entertainment giant. Iger expressed relief at having the battle behind him to focus on company priorities, while the victory has raised scrutiny on the role of activist investors in corporate governance.
Disney released the official vote counts from its 2024 meeting of shareholders held April 3 — in which investors decisively defeated a campaign by activist investor Nelson Peltz to win a seat on its board. https://t.co/Zp9qdc7dRF
Disney’s Bob Iger Says Infusing Woke Messaging Into Films Not ‘Number One Priority’ But ‘Great’ In Certain Situations https://t.co/nayfD5sDWW
🎥 Disney Won its Proxy Fight but the Stock Rejects Critical Tech Levels https://t.co/EjhKzdy74A 66% of retail CFD accounts lose money.