Part 3/9:
After months of tension, the vote concluded with Bob Iger narrowly securing victory, defeating Peltz with around 30% of the shareholder support. While this does not guarantee Peltz’s entry onto the board, it solidifies Iger’s leadership, at least for now.
Interestingly, following the announcement, Disney’s stock experienced a slight sell-off. Despite the perceived victory, investor confidence appears shaken, suggesting lingering doubts about the company’s direction even with Iger reaffirmed in his role.