BURBANK, Calif. (AP) – Disney shareholders rallied behind longtime CEO Robert Iger and activist investor Nelson Peltz, who was seeking a seat on the board, on Wednesday. He voted to reject his ally, former Disney chief financial officer Jay Laszlo.
The company had recommended director candidates that did not include Peltz or Laszlo.
In their preliminary proxy filing, the dissident shareholders said they want to successfully complete a CEO succession at Disney and ensure that executive compensation is commensurate with performance.
Disney announced that Bob will be released in November 2022. Eiger He was scheduled to return to the company as CEO, succeeding his hand-picked successor, Bob Chapek. Chapek’s two-year term was marked by conflicts, missteps and poor performance.
Mr. Iger served as Disney’s chief executive for 15 years before handing over the role to Mr. Chapek in 2020, during which time Mr. Iger achieved a string of victories that drew praise from the entertainment industry and Disney fans. I got it. However, his second appointment did not garner similar praise.
