Disney's largest shareholder Vanguard reportedly backing management over Peltz in board fight
Publishing timestamp: 2024-04-02 19:40:01
Summary
Vanguard and BlackRock are reportedly backing Disney's current board and CEO Bob Iger over Nelson Peltz's Trian Partners nominees ahead of the shareholder meeting. Peltz has won support from smaller shareholders, but it would be a significant blow to his ambitions if both Vanguard and BlackRock side with Disney. The shareholder meeting begins Wednesday at 1 pm ET.
Sentiment: MIXED
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Source: https://www.cnbc.com/2024/04/02/disney-proxy-fight-vanguard-voting-for-management-over-peltz.html