Walt Disney Successfully Defends Board Against Nelson Peltz's Trian Fund Management
Walt Disney stock remains steady as investors await the outcome of the proxy battle with Trian Partners. CEO Bob Iger aims to fend off Trian's attempt to secure board seats. Major shareholders signal support for Iger, but the situation remains fluid. Disney's board directors have secured enough votes to maintain a lead over Trian's challengers. The official outcome will be revealed at the annual shareholder meeting. Despite the setback, Trian may still claim a financial victory as Disney's shares have surged. Disney has made strategic moves to regain investor confidence.
2 months ago