Disney CEO Bob Iger's Boardroom Battle

SOURCE www.dailymail.co.uk
Disney CEO Bob Iger wins boardroom battle against activist investor Nelson Peltz, securing all 12 preferred nominees. Shareholders back Iger with 94% vote, causing Disney shares to drop slightly. Peltz's concerns about Disney's performance and leadership highlighted during the proxy fight.

Key Points

  • Bob Iger wins boardroom battle against Nelson Peltz
  • Shareholders back Iger with 94% vote
  • Peltz's concerns about Disney's performance highlighted

Pros

  • Bob Iger successfully convinces shareholders to vote for his preferred board
  • Disney's preferred nominees elected to the board by a substantial margin
  • Shareholders support Iger with 94% vote

Cons

  • Disney shares down more than 2.8% following the announcement
  • Peltz's concerns about Disney's lack of box office hits and succession issues