Disney wins boardroom showdown with activist investor
by Callum Jones from World news | The Guardian on (#6KTFD)
CEO Bob Iger says defeat of Nelson Peltz campaign will allow company to focus on growth and value creation' for shareholders
Disney saw off a boardroom coup on Wednesday, defeating a bid by one of corporate America's most renowned activist investors to overhaul its management.
The entertainment giant announced at its annual shareholder meeting that it had secured enough votes by a substantial margin" to defeat a campaign launched by the billionaire Nelson Peltz, who has spent months demanding change at the Magic Kingdom and excoriating its top executives.
Continue reading...