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Disney D-Day: Bob Iger Celebrates Board Battle Win & End Of “Distracting Proxy Contest”; Nelson Peltz “Disappointed” Then Tries To Spin It Into A Win
In the end, it was a big win for the Disney slate over the activist investor - even Nelson Peltz says so
Once the results were announced in the big bucks corporate battle, the past and present CEO address the virtual meeting to thank “shareholders for your trust and confidence in the Disney board and management and the ambitious strategy we’re implementing across our businesses to build for the future.” “Now that this distracting proxy contest is behind us, we’re here to focus 100% of our attention on our most important priorities, growth and value creation for our shareholders and creative excellence for our consumers,” the executive added, without ever saying Peltz or Perlmutter or even that other activist investor Blackwells. Owning around $3.5 billion worth of Mouse House stock, some of which they sold not to long ago, neither Peltz not former Disney CFO Jay Rasulo got much traction with their fellow shareholders.
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