Disney defeats critics after bruising battle - BBC News

The investor boardroom battle raises difficult questions about whether the Hollywood giant lost its way.

19 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty imagesDisney has won a boardroom battle against critics who had accused the media giant of botching its streaming strategy and losing its creative spark.

Activist investors, including Nelson Peltz of Trian Management, had sought seats on the company's board of directors, which they said was too close to Disney's leadership.

They pledged to push for priorities such as higher profits.

A majority of shareholders voted to maintain the company's current board.

At its shareholder meeting on Wednesday, Disney said its board nominees had been elected by a "substantial margin". Just 31% of votes cast supported Mr Peltz for a seat, according to a source familiar with the results.

https://www.bbc.co.uk/news/business-68725961

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