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Bob Iger And Disney Get Backing In Proxy Battle From Former CEO Michael Eisner
Disney and its current CEO, Bob Iger, have secured the backing of Iger's onetime boss, former Chairman and CEO Michael Eisner.
In a statement posted to social media, Eisner didn’t name Nelson Peltz, whose Trian Fund Management is mounting an offensive to win two seats on Disney’s board at the April 3 annual shareholder meeting. A number of potent supporters, including Disney family members, George Lucas and Laurene Powell Jobs, have backed Iger and the company’s slate of board nominees. Peltz has not garnered nearly as much public affirmation, though this week Trian got a big win when influential proxy advisory firm ISS put its weight behind the activist bid, citing Disney’s stumbles with CEO succession.
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