Home Business Disney Shareholders Stand Firm, Reelect Full Board Amid Battle with Billionaire Investor

Disney Shareholders Stand Firm, Reelect Full Board Amid Battle with Billionaire Investor

by Sonia Park
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Disney Shareholders Stand Firm, Reelect Full Board Amid Battle with Billionaire Investor

In a decisive move, Disney shareholders have opted to maintain the status quo by reelecting the full board of directors, marking a significant victory against billionaire investor Nelson Peltz's efforts to shake up the entertainment giant. The vote, held on Wednesday, dealt a blow to Peltz and his ally, a former Disney CFO, who sought shareholder support to replace two current board members.

https://youtu.be/kQRhkttaNH0

Nelson Peltz's campaign aimed to bring about substantial changes within Disney, particularly in its film division and streaming platform Disney Plus. Peltz advocated for a. . .

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