Disney shareholders vote to back Iger following proxy fight

Disney shareholders voted to support CEO Bob Iger at Wednesday’s annual investor meeting.

Mr. Iger and his board comrades have argued that the entertainment and media giant needs a new direction and are fighting for a seat on the board, including billionaire investor Nelson Peltz. fought with Mr.

Investors supported Mr. Iger by a “significant margin,” the company said, marking a major victory for the executive who oversees some of the world’s biggest media brands, including ESPN, ABC and Marvel.

In a presentation to investors, Iger vowed to further drive its streaming business and remain committed to what he called the company’s core mission of delivering news and innovative content across its various businesses. Ta.

Mr. Peltz, who heads the investment firm Trian Partners, said at the conference that he and his partners would “watch the company’s performance closely” “regardless” of Wednesday’s vote.