Disney wins boardroom showdown with activist investor

Here’s the latest from The Guardian

Disney saw off a boardroom coup on Wednesday, defeating a bid by one of corporate America’s most renowned activist investors to overhaul its management.

The entertainment giant announced at its annual shareholder meeting that it had secured enough votes by a “substantial margin” to defeat a campaign launched by the billionaire Nelson Peltz, who has spent months demanding change at the Magic Kingdom and excoriating its top executives.

Peltz received a late endorsement from Elon Musk, who has become a vocal critic of Disney in recent months after it joined an advertising boycott of his social network X, formerly Twitter…

…Read the Full Article @ The Guardian