Disney prevails over Peltz, ending bitter board battle [USA TODAY]
Fox Corporation - Class B (FOX)
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Source: USA TODAY
investors who argued the storied entertainment giant had underperformed in the streaming-television era. The vote to re-elect all 12 of Disney's current board members, announced at the company's annual shareholder meeting, ended a multimillion-dollar, mud-slinging battle launched by billionaire Nelson Peltz and Blackwells Capital. Peltz's and Blackwells' campaigns were separate, competing efforts but both wanted change at Disney. "With the distracting proxy contest now behind us, we're eager to focus 100% of our attention on our most important priorities: growth and value creation for our shareholders and creative excellence for our consumers," Iger said. While Disney's board held off the activists' challenge, it still must find a successor to the 72-year-old Iger before his scheduled retirement at the end of 2026. Board members recently sought to reassure shareholders that they took the matter seriously and were vetting candidates. The company also must show progress in its eff
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