Disney Reportedly Secures Votes To Win Proxy Battle

Disney has reportedly defeated efforts to have Nelson Peltz and his Trian Fund Management partners enter their board. Reuters reports that the company has enough shareholder votes to nullify the challenge from the activist investor group. The Disney board directors are safely ahead of Trian's proposed candidates as of last night's reporting. Both Peltz and former Disney CFO Jay Resulo came up short.

George Lucas Backs Bob IgerThis war of words has brought some big names into the spotlight to back Iger and Disney's regime. Star Wars creator George Lucas had a few words to say last week. He issued a statement throwing his full weight behind Iger and the existing Disney leadership. Lucas doesn't really make public statements that often. So, he felt like it was necessary to explain how crucial the steady hand of experience can be when steering a company.

"When Bob recently returned to the company during a difficult time, I was relieved. No one knows Disney better," Lucas added."I remain a significant shareholder because I have full faith and confidence in the power of Disney and Bob's track record of driving long-term value. I have voted all of my shares for Disney's 12 directors and urge other shareholders to do the same.

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