Disney's Bob Iger wins bitter proxy battle with activist investors over board seats

Disney chief Bob Iger prevailed in a bitter proxy battle with activist investors over the company’s board members Wednesday.The Mouse House garnered a “substantial margin” of support at its annual shareholders’ meeting, keeping its board of directors from relinquishing a board seat to Nelson Peltz, head of Trian management, and former Disney chief financial officer Jay Rasulo.Blackwells Capital, another hedge fund that nominated three board director candidates, was also unsuccessful in its attempt. Bob Iger ...