Part 4/9:
In the lead-up to the vote, Disney allegedly leaked damaging information via media outlets, asserting that Nelson Peltz lacked enough votes to succeed. The leak appears to be an attempt to sway shareholder opinion by emphasizing the futility of supporting Peltz—an underhanded tactic that drew criticism from some quarters for undermining shareholder democracy.
Major institutional investors like Vanguard and BlackRock, which control significant shares, stood firmly behind Iger and the existing board, contributing to Peltz’s narrow defeat. However, this maneuvering indicates underlying tensions about Disney’s strategic priorities and governance.