Disney wins proxy fight with Nelson Peltz’s Trian Partners, as shareholders reelect full board
Publishing timestamp: 2024-04-03 13:55:19
Summary
Disney shareholders reelected the company's full board, defeating activist Nelson Peltz and former Marvel CEO Ike Perlmutter. The victory affirms the board's decisions and CEO Bob Iger's efforts to turn around the company. Despite the defeat, Peltz and Trian Partners gained from the campaign. Disney still faces challenges, including finding a successor to Iger and dealing with issues in its streaming business.
Sentiment: MIXED
Tickers: MS, .SPX, PG, BLK, WEN, CMCSA, SLG, PEP, TROW, DIS, PTON,
Keywords: pepsico inc., morgan stanley, procter & gamble co, breaking news: business, walt disney co, peloton interactive inc, bob iger, media, jamie dimon, technology, entertainment, business news, comcast corp, blackrock inc, nelson peltz, steve jobs, t rowe price group inc, s&p 500 index, wendys co, sl green realty corp,