Disney CEO Bob Iger Urges Shareholders to Reject Activist-Backed Board Nominees 🚫

Disney CEO Bob Iger urged shareholders to reject the board nominees put forward by activist investors Nelson Peltz and Trian Fund and Blackwells Capital, and instead support Disney's existing 12 nominees. Iger said Disney has made progress in making its streaming business profitable, turning ESPN digital, improving its film studios' output and economics, and growing its theme parks. Peltz nominated himself and former Disney CFO Jay Rasulo to the board, but Disney said Peltz had no strategic ideas for the company and Rasulo's experience was not a good fit.