Get the latest gossip
As Disney Proxy Fight Nears End, Succession Saga Will Keep Heat On Bob Iger Regardless Of Shareholder Vote Tally
Disney shareholders are about to choose their board but the pressure is on Bob Iger regardless of who wins the company proxy fight with Nelson Peltz.
ISS, the most influential proxy advisory service, dealt perhaps the biggest blow to the company by backing Peltz in a move reminiscent of its withholding votes from then-CEO Michael Eisner in 2004 during the last epic annual-meeting showdown. This time, the firm cited in large part the failed succession process of 2020, when Iger stepped down abruptly just as Covid was starting to upend the world, and named company lifer Bob Chapek as CEO. Iger has shored up backing for the company’s slate of directors from a glittery roster of potentates, including JP Morgan Chase CEO Jamie Dimon, Eisner, George Lucas, Laurene Powell Jobs and the Disney family.
Or read this on Deadline
