Disney’s most significant investor battle in 20 years will form the business’s future
Walt Disney Co.'s most significant conference room face-off in 20 years culminates today with an election that has actually currently resounded throughout the Burbank home entertainment giant. Billionaire Nelson Peltz has actually waged an almost six-month fight for a seat on Disney's board of directors. A smaller sized activist group, Blackwells Capital, signed up with the fray with 3 other prospects. Disney has actually provided its own slate of 12 candidates, consisting of 2 brand-new board members.On the surface area, the opposition projects do not threaten the standing of Disney Chief Executive Bob Iger, whose reelection to the board is uncontested. Wednesday's vote has actually turned into a controversial referendum on the popular CEO, who has actually had a hard time to tame the hug...