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Michael Eisner Backs Disney CEO Iger Amid Board Fight With Activist Investors: ‘The Company Is Now in Excellent Hands’
Michael Eisner has chimed in with support for Disney CEO Bob Iger amid the proxy battle being waged by activist investors.
Michael Eisner, the former Disney CEO who exited the company in 2005, is the latest member of the extended Disneyverse to weigh in with support for current chief exec Bob Iger, who’s facing a proxy fight with activist investors including Nelson Peltz in a vote for board candidates at Disney’s April 3 annual shareholders meeting. Bringing in someone who doesn’t have experience in the company or the industry to disrupt Bob and his eventual successor is playing not only with fire but earthquakes and hurricanes as well. Eisner served as CEO of Disney from 1984 and announced his plans to step down from the role in 2004 before he officially resigned in September 2005.
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