Disney Shareholders Approve Resolution to Dilute Activist Investor's Stake

In a recent proxy battle, Disney successfully secured enough votes to prevent activist investor Nelson Peltz and his investment firm Trian from gaining seats on the company's board. Peltz, known for his efforts to shake up boardrooms, had been pushing for change at Disney and criticizing its top executives. Elon Musk has also expressed criticism of Disney in recent months. Despite the outcome of the vote, Peltz stated that Trian would continue to monitor Disney's priorities. The margin of victory was described as "substantial" by Disney, with Iger reportedly trouncing Peltz and retail shareholders voting overwhelmingly in favor of the current board members.