The atmosphere in the Disney corporate offices must be feeling a little lighter these days Disney World’s recent thaw with Florida Governor Ron DeSantisnews broke today that shareholders voted against billionaire “activist investor” Nelson Peltz’s attempt to gain two seats on the company’s board of directors.
As io9 previously explainedBehind-the-scenes situations that might not be of interest to the average Disney fan suddenly become more headline-worthy when Peltz gives Interviewed by the Financial Times In it, he complained about the diversity of recent Disney-Marvel projects, including last year’s Miracle and the Oscar-winning smash hit black panther. “Why I must have a Marvel [movie] Are they all women? asked the 81-year-old. “Not that I have anything against women, but why would I do this?” Why can’t I have a Marvel that’s both? Why do I need an all-black cast? ” This attitude not only offended fans, but also angered Disney’s high-profile shareholders—including Star Wars Founder George Lucas, Who spoke out against Peltz’s proxy fight?.
as hollywood reporter The latest news reveals that today’s annual shareholder meeting proved to be “a victory for The Walt Disney Company and CEO Bob Iger” as all of the company’s director nominees “were elected by shareholders, rebuffing activist investor Nelson Peltz, who has been running a high-profile campaign to put himself and former Disney CFO Jay Rasulo on the company’s board.”
Sources cited by industry insiders said the results of the vote did not appear to be very close, and the final result was Iger’s team winning. THR also received a statement from Iger, who appears ready to put the Peltz situation in Disney’s rearview mirror as soon as possible: “I want to thank our shareholders for their trust and confidence in our board of directors and management. As the news continues, With the distraction of the proxy battle behind us, we are eager to focus 100% on our most important priorities: growing and creating value for our shareholders and delivering great ideas for our consumers.”
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