Activist investors, who claimed the board of directors of the corporation was too close to Disney’s leadership, had applied for seats on it, among them Nelson Peltz of Trian Management.
They committed to advocating for important issues like increased revenues.
A majority of stockholders decided to keep the current board of directors for the corporation.
Disney said at its Wednesday shareholder meeting that a “substantial margin” had elected its nominees for the board. As per an informed source, Mr. Peltz received just 31% of the total votes cast in favor of a seat.
However, the fierce conflict brought up important issues including difficulties at Disney’s film and television division, and cast a shadow.
