Disney Gets Ready to Fight a Battle It Can't Afford to Lose

The battleground is starting to become clear heading into Walt Disney's (DIS 1.58%) annual shareholder meeting in a couple of months. Two of the activist shareholders that were challenging Disney are offering up candidates to shake up the entertainment giant's board of directors. Disney is naturally only endorsing its own slate of a dozen directors.Disney was able to dodge a proxy battle last year when CEO Bob Iger and the rest of the boardroom worked with Nelson Peltz from Trian Fund Management to settle t ...