"Neuberger Berman Supports Trian's Slate, Citing The Company's Succession Woes, As Others Back CEO Bob Iger And His Strategy" - WSJ

Author: Benzinga Newsdesk | March 28, 2024 01:07pm

https://www.wsj.com/business/deals/disney-trian-blitz-shareholders-for-votes-in-last-stretch-of-proxy-fight-64e025c3?page=1

Disney, Trian Blitz Shareholders for Votes in Last Stretch of Proxy Fight

Chief Executive Bob Iger and activist investor Nelson Peltz have spent months of their proxy fight detailing their vision of Disney's future. For some investors, the deciding factor will be the company's past. Several investors casting votes ahead of the company's April 3 meeting said they are grappling with whether Disney's board is capable of choosing a strong successor to Iger. They have criticized the board for its role in selecting Bob Chapek in 2020, ousting him two years later and then extending Iger's contract after he returned.

Posted In: DIS