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Former Disney CEO Backs Iger

Former Disney CEO Backs Iger

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Next month, Disney shareholders are set to vote on the company’s Board nominees. Find out why this former CEO is saying that the shareholders must side with Iger.

Board Nominees

Who are the Leading Candidates for Disney's Next CEO?
Credit: Maggie

The face-off between Disney and investor Nelson Peltz is almost here. On April 3rd shareholders will vote on the Disney Board nominees.

Peltz is trying for a seat for not only himself but also former Disney CFO Jay Rasulo. Peltz did not support the reappointment of Bob Iger in 2022.

This is not the first time Peltz has been after a seat on Disney’s board. He made a 2023 proxy attempt to gain a seat. However, Iger argued that he lacked expertise and recommended shareholders discard their ballots.

Who is Nelson Peltz?

Mickey Mouse Magic Kingdom, Cinderella castle feature
Credit: Disney

Nelson Peltz is a founder of Trian Partners and an activist investor. Nelson Peltz’s Trian Fund Management has reportedly increased its stake in Disney to nearly 30 million shares. 

 Trian is one of Disney’s largest investors.

Trian is one of Disney’s largest investors. His stake is worth an estimated $2.5 billion.

Eisner’s Statement


Michael Eisner was Disney’s CEO from 1984 to 2005. He has now endorsed Bob Iger, current Disney CEO, and the company’s board nominees. See below for Eisner’s statement to DealBook:

-Michael Eisner

Disney has also received support from George Lucas, proxy advisory firm Glass Lewis, and heirs to Walt and Roy Disney. However, the proxy advisory firm Institutional Shareholder Services (ISS) recommended Disney shareholders nominate Nelson Peltz to the Board.

disney leadership
Photo Credit:

Reminder, voting will take place at the annual shareholders meeting on April 3rd.

Source: DealBook and CNBC

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Friday 22nd of March 2024

Iger/Chapek/Iger are not what the Disney corporation needs. As a shareholder, I'm willing to gamble on Peltz. Since the covid shutdowns, visits to Disney World aren't nearly as fun. Planning is terrible, perks have disappeared, and guests are being nickel-and-dimed to death! Something needs to change, and it's obvious Iget isn't going to do anything.

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