Disney dealt stunning blow as activist investor Nelson Peltz lands big endorsement in bitter fight over who will help guide House of Mouse

In a blow to Walt Disney, activist Nelson Peltz received a powerful endorsement in his battle against the entertainment conglomerate on Thursday, when proxy advisory firm Institutional Shareholder Services (ISS) recommended shareholders elect him to the board.ISS, whose recommendations can sway hundreds of investors’ votes, said Peltz, a large Disney shareholder, could ensure the board does its job well as it tackles questions of CEO succession and strategy at the home of Mickey Mouse.The recommendation com ...