Disney’s Leadership Defeats Anti-‘Woke’ Investor in a High-Stakes Shareholder Battle ...Middle East

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Disney’s Leadership Defeats Anti-‘Woke’ Investor in a High-Stakes Shareholder Battle
source : Time ( Middle East ) () 33
In a battle much more reminiscent of Succession than Fantasia, Disney’s kingpin Bob Iger turned back activist investors who attempted to wrest control of the company away from him on Wednesday in a dramatic shareholder vote.  The vote, which was preceded by vicious campaigning in which both sides spent tens of millions of dollars to sway shareholders, served to solidify Iger’s control over Disney and its direction. A Disney representative said during the livestreamed meeting that Iger’s contingent had won by “substantial margin.” His main antagonist, the billionaire corporate raider Nelson Peltz, had argued that Disney was becoming too “woke” and was failing its shareholders.  [ti

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