Disney shareholders have rallied behind longtime CEO Robert Iger. They voted 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 entertainment giant had recommended a slate of directors that did not include Peltz or Rasulo.
FILE - Disney chief executive Bob Iger arrives at the 96th Academy Awards Oscar nominees luncheon on Feb. 12, 2024, in Beverly Hills, Calif. During the company’s annual shareholder meeting Wednesday, April 3, 2024, investors will decide whether to back Iger, or grant two board seats to activist investor Nelson Peltz and his Trian Partners. FILE - Guests pass a statue of Walt Disney and Mickey Mouse at the Magic Kingdom at Walt Disney World, July 14, 2023, in Lake Buena Vista, Fla.
Iger was Disney’s public face for 15 years as chief executive before handing the job off to Chapek in 2020, a stretch in which Iger compiled a string of victories lauded in the entertainment industry and by Disney fans. But his second run at the job has not won him similar accolades.
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