Bob Iger, the CEO of The Walt Disney Company, delivered a speech at the grand opening ceremony of the Zootopia-themed attraction at Shanghai Disney Resort in Shanghai, China on December 19, 2023. The event was captured by Visual China Group | Getty Images.
Vanguard, Disney’s largest shareholder, is set to support the company’s management over Nelson Peltz’s Trian Partners in an upcoming board vote. Bloomberg News, citing unnamed sources, reported this development on Tuesday. Institutional shareholders have until Wednesday to change their vote, and Vanguard, which owns 7.8% of Disney shares, has made its stance clear. Additionally, BlackRock, the second-largest shareholder with 4.2% of shares, is also backing the current board and CEO Bob Iger, as reported by The Wall Street Journal on Monday.
The news about the voting intentions of Disney’s major shareholders has drawn criticism from former activist investor Bill Ackman on Tuesday evening.
“Only the company and its advisors have access to how shareholders have voted before the day of…
2024-04-02 18:40:01
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