Breitbart Reports: Disney shareholders rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney chief financial officer Jay Rasulo, who had sought seats on the company’s board.
The company had recommended a slate of directors that did not include Peltz or Rasulo.
The dissident shareholders had said in a preliminary proxy filing that they wanted to complete a successful CEO succession at Disney and align management pay with performance.
Disney announced in November 2022 that Bob Iger would come back to the company as its CEO to replace his hand-picked successor, Bob Chapek, whose two-year tenure had been marked by clashes, missteps and weakening financial performance.
Comments
Arthur
from the old Disqus comment system
Apr 4, 2024
I doubt the stockholders will support him after he no doubt lord to him.
disqus_Hhk8DIJNVE
from the old Disqus comment system
Apr 4, 2024
The article does not mention that Bob Iger says there will be no more wokeness at Disney: https://www.msn.com/en-us/money/companies/bob-iger-says-woke-disney-is-over-but-it-may-not-silence-his-critics/ar-BB1l285a?PC=EMMX01 Of course, it remains to be seen, and it will take a while to see any changes, since the Disney film pipeline is full of woke sewage now.
notwokeshows
from the old Disqus comment system
Apr 4, 2024
Well, Disney's dead. I hope Peltz cashed out the 50% profit he made until now and moves onto a company that can be saved. They deserve to go broke, no sympathy here. Let them burn their money, not my problem.