Disney: victory for managers against activist investors. Disney said in a statement that the twelve members of its board of directors up for re-election had been renewed “with a comfortable margin” Around 7:00 p.m., Disney shares fell 2.48%.
Trian condemned the return to the helm of Bob Iger – who had already led the group from 2005 to 2020 – and the dismissal of the man whom the latter had himself chosen as successor. She had recently softened her criticism of Mr. Iger, while criticizing Disney's clumsy efforts to replace him.