Disney paid ValueAct millions in fees before winning its support in proxy fight, activist says

Disney CEO Robert Iger attends the 95th Annual Academy Awards at the Dolby Theatre in Hollywood, California on March 12, 2023.Activist investor Blackwells said Monday that Disney's board had not disclosed that shareholder ValueAct Capital had a financial relationship with the entertainment company, putting the firm's endorsement of Disney's board under scrutiny.Mason Morfit and his $12 billion investment firm ValueAct were heralded as "constructive" shareholders by Disney CEO Bob Iger in January, when the c ...