Disney board seat for Nelson Peltz hinges on Vanguard, State Street, institutional investors

In 2015, Nelson Peltz's Trian Partners was defeated in an activist campaign against chemical firm DuPont, largely because the top three institutional shareholders voted against his slate. Nearly a decade later, those same institutional investors — Vanguard, State Street and BlackRock — are the three largest shareholders in Disney. And they could make or break Peltz's campaign against the board that's backing CEO Bob Iger.BlackRock, a 4.2% Disney shareholder, is backing management, the Wall Street Journal re ...