Bob Iger took a victory lap this morning, a day after the corporate fended off activist investor Nelson Peltz in a fierce proxy battle. In an interview on CNBC, he mentioned the battle had one optimistic, getting the corporate in nearer robust with buyers because it lobbied for its board slate.
Peltz didn’t have a lot strategically to supply however he dug in on succession, because the cable internet’s David Faber did immediately. “Clearly shareholders care about it, given what the corporate has been by,” Iger mentioned. A board succession committee led by chair Mark Parker met seven instances final yead and can meet extra this yr to establish the best particular person on the proper time earlier than his contract ends in 2026.
“They’re treating it with a way of urgency,” he mentioned. The Peltz battle “did improve the engagement that we had with shareholders, and that’s factor.”
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