Entertainment
Disney’s Iger Wins Proxy Vote Over Peltz With Board Election
- Dissident says he’ll be watching to keep company on track
- Vote ends fight that started with Iger’s return to CEO post
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Walt Disney Co. shareholders handed Chief Executive Officer Bob Iger a big vote of confidence, rejecting dissident investor Nelson Peltz’s bid for a board seat at the giant entertainment company.
Shareholders elected all of Disney’s choices for the board, turning aside the nomination of Peltz, executives announced Wednesday at the company’s annual meeting. Investors also rejected Peltz’s ally, former Disney finance chief Jay Rasulo, and a slate from Blackwells Capital LLC, another dissident group.