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Elon Musk Backs Nelson Peltz In Disney Proxy Fight After Polls Close
Elon Musk is backing Nelson Peltz in the proxy battle for the future of Disney, with results of its boardroom vote set to be revealed.
Onlookers are waiting with baited breath after the bitter voting to select Disney’s board of directors closed last night, with CEO Bob Iger ‘s nominees appearing likely to win out, but X/Twitter and Tesla owner Musk still took to social media this morning to provide his two cents. Ackman wrote the SEC should carry out an investigation and “appropriately punish whoever is responsible for this miscarriage of shareholder governance and justice.” Crucially, news reports have suggested Disney’s second-largest shareholder, BlackRock, is backing Iger and co.
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