Disney CEO Bob Iger Declares Victory over Nelson Peltz's Board Challenge at Shareholder Meeting, But Scrutiny Persists
By : Benzinga
Published On: 2024-04-04
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00:43
Disney's annual shareholder meeting saw Bob Iger declare victory over Nelson Peltz's board challenge following the vote. Iger presented a pre-taped video from Disneyland emphasizing the company's recovery and future growth plans. Peltz and other activists scrutinized Disney's finances, but Iger argued the company has "turned the corner" since he returned. The company's difficulty in securing a lasting CEO successor has been exacerbated by activist campaigns, and Iger likely won't change his 2026 retirement plans after cementing control over Disney's leadership.
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