Disney Shareholders Reject Activist Investor’s Board Nominees, CEO Succession Plan in Flux
Los Angeles, CA – Disney shareholders voted on Wednesday to reject board nominees aligned with activist investor Nelson Peltz. This decision marked the end of a contentious proxy battle that revolved around Disney’s adaptation to the changing landscape brought on by the streaming era. Instead of Peltz’s nominees, a majority of shareholders supported a 12-person slate of board nominees put forth by Disney at its annual shareholder meeting. Trian Partners, Peltz’s hedge fund, had used …