Shareholders of Disney supported CEO Bob Iger on Wednesday during the company’s yearly investors meeting.
Iger and his supporters on the board successfully defended against billionaire investor Nelson Peltz, who claimed the entertainment and media giant required new leadership and was attempting to gain seats on its board.
Investors endorsed Iger by “a significant margin” the company said, marking a major win for the executive who oversees some of the world’s largest media brands, such as ESPN, ABC and Marvel.
In a presentation to investors, Iger promised to expand further into streaming and remain dedicated to what he referred to as the company’s fundamental goal of delivering news and innovative content across its various businesses.
Peltz, who leads investment firm Trian Partners, stated during the meeting that “despite” the result of the Wednesday vote, he and his associates “will be monitoring the company’s performance.”
