Disney's Iger says Peltz proxy battle was a 'distraction,' board is focused on picking his successor
Publishing timestamp: 2024-04-04 11:46:01
Summary
Disney CEO Bob Iger called Nelson Peltz's proxy battle a "distraction" and stated that the company is focused on turning a profit from streaming and succession planning. Peltz, on the other hand, emphasized the importance of having a leadership plan in place. Despite the battle, Disney's stock has seen gains and the company is moving forward with new initiatives, including a flagship ESPN streaming service.
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Keywords: nelson peltz, life, breaking news: business, media, movies, walt disney co, bob iger, business, business news, entertainment,