Disney faces investor showdown over leadership and performance concerns

The Guardian April 1, 2024, 12:00 PM UTC

Summary: Disney faces investor showdown over leadership. Billionaire activist Nelson Peltz campaigns for board seats, criticizing Disney's performance. CEO Bob Iger defends his team's ability to revitalize the company. Proxy advisory firms split on support. Disney's recent box office struggles and streaming costs add pressure. Peltz's focus on business turnaround questioned. Vote imminent, with major shareholders and industry figures taking sides. Tension rises as Disney fights for board stability and future success.

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