Disney's Bob Iger has won the long proxy battle against Nelson Peltz.

[Lunabell]

Source: Business Insider


Disney CEO Bob Iger has officially prevailed in his battle against activist investor Nelson Peltz.

At Disney's annual meeting Wednesday, shareholders voted to keep Iger and Disney management's board instead of choosing to swap in two new members nominated by Peltz's investment firm Trian Partners: Peltz, himself, and former Disney CFO Jay Rosulo.

Disney's slate won by "a substantial margin," Horacio Gutierrez, Disney's senior executive VP, said. The final tally will be available in the coming days, the company said, but CNBC reported that Disney director Maria Elena Lagomasino — who Peltz had wanted to oust — got 63% of votes, while Peltz received 31%.

Read more: https://www.businessinsider.com/disney-bob-iger-wins-proxy-vote-against-nelson-peltz-trian-2024-4

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And a big "fuck you!" to desatan and his evil little band of hypocrites and trolls! Yeah, we're woke and happy to be woke! It mean love, compassion, empathy and acceptance. Florida is done with your hate. Just find out how much in November!

[Eugene]

1. Right-wing social media is already yelling "Stolen election!" and demanding an investigation.

The War on Woke grifters need something to move on with after the DEI frenzy subsides.

[bucolic_frolic]

2. It is very difficult to overthrow a BOD, especially one aligned with a long time CEO

and while the company may have short term struggles, they are also one of the most successful in the world. Disney will roll from here!

[uncle ray]

6. and who knows how much $$ spent by di$ney.

i was a bit surprised a few days ago while consuming some media, to see a commercial reminding faithful disney shareholders to vote the right way.

[The Grand Illuminist]

3. Nelson is one of, along with Musk

That is behind a possible buy out of Disney itself. We haven't seen the last of him.

[Cha]

4. Yay for Disney.. TY!

[Xolodno]

5. Peltz is a Trump supporter.

Think that says it all. He wanted on the board to try and stage a coup and drop any and all progressive actions. On top of that, he wanted to do "cost cutting" which means sell off assets to vulture...I mean venture hedge fund (like his own) groups. He's basically a modern version of a corporate raider, they never went away, just reinvented themselves.

The Disney family has had a lot of criticism of Iger, but they backed him over Peltz. I made my sure all my shares backed Iger as well. Even Steve Jobs, cold as ice, wife backed Iger.

[Carlitos Brigante]

7. Oh good. Guess that means we won't get "White Panther" after all. nt