Disney Shareholders Support CEO Robert Iger
Disney shareholders support CEO Robert Iger over activist investor Nelson Peltz and former CFO Jay Rasulo seeking board seats. Iger returned as CEO after clashes with successor Bob Chapek.
Key Points
- Shareholders reject activist investor Nelson Peltz and former CFO Jay Rasulo for board seats
- Robert Iger returns as CEO after Bob Chapek's troubled tenure
Pros
- Shareholders backing CEO Robert Iger for stability and experience
- Company focusing on successful CEO succession and aligning management pay with performance
Cons
- Clashes, missteps, and weakening financial performance under previous CEO Bob Chapek