Disney shareholders back CEO Iger, rebuff activist shareholders who wanted to shake up the company
Disney shareholders have rallied behind longtime CEO Robert Iger
By AP News
Published - Apr 03, 2024, 01:39 PM ET
Last Updated - Apr 03, 2024, 01:39 PM EDT
BURBANK, Calif. (AP) — 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 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.
