Disney Fends Off Nelson Peltz After Bitter Proxy Fight As Shareholders Back Company Board

Disney has succeeded in barring Nelson Peltz from its board of directors as shareholders at the company’s hotly anticipated annual meeting today have voted for its slate of 12 nominees, fending off outsiders. It was a months-long bitter and costly fight. The numbers are preliminary with official results still to be formally announced. But according to Disney, this was Peltz’ biggest-ever loss in a proxy fight, and he’s engaged in a few. Peltz received less than 31% of the vote. CEO Bob Iger, also on the b ...