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Disney Board Election Tally Shows James Gorman Leading All Vote-Getters
Official results from Disney's April 3 board elections showed James Gorman leading all vote-getters as activist Nelson Peltz's bid fell well short.
The Walt Disney Co. has released the official vote totals from its April 3 annual shareholder meeting, the event that featured the culmination of a proxy fight waged by Nelson Peltz. The effort by Peltz’s Trian Fund Management to secure two seats on the company’s board of directors was vanquished by Chairman and CEO Bob Iger after campaigns costing each side tens of millions of dollars. Jay Rasulo, the former Disney CFO who was Peltz’s running mate, fared much worse, getting votes representing about 139 million shares, while 1.05 billion were withheld.
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