Disney Shareholders Reject Nelson Peltz’s Activist Board Members, Ending Months-Long Proxy Battle
Los Angeles, California – Shareholders at The Walt Disney Company have decisively rejected board nominees associated with activist investor Nelson Peltz, marking the end of a contentious battle over the entertainment giant’s strategic direction. The vote puts to rest months of proxy skirmishes that highlighted differing views on how Disney should navigate the evolving landscape of the streaming industry. Instead of Peltz’s proposed nominees, shareholders opted in favor of a 12-person slate put forth by …