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Disney shareholders back CEO Iger, rebuff activists who wanted to shake up the company

Y2kTheNewOldies

Y2kTheNewOldies

apnews.com

Disney shareholders back CEO Iger, rebuff activists who wanted to shake up the company

Disney shareholders voted to rebuff activist investor Nelson Peltz and his ally Jay Rasulo, who had sought seats on the company’s board.
apnews.com apnews.com



April 3 (Reuters) - With Walt Disney’s (DIS.N), opens new tab months-long proxy war with activist investor Nelson Peltz in the rear-view mirror, attention is refocused on finding CEO Bob Iger’s successor.
The board has extended Iger's retirement date five times, continually deferring decisions about finding a replacement.
Disney board members sought to reassure investors, ahead of Wednesday’s shareholder vote, that this time they are taking the matter of succession seriously, as they vet internal and external candidates ahead of Iger’s new retirement date by the end of 2026.
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