Part 7/9:
Despite the clear push from activists, most signs indicate that Bob Iger still maintains the upper hand. The majority of investors seem to back his leadership, and that even if Peltz or Rulo were elected to the board, meaningful change might still be elusive. Historical momentum, entrenched interests, and existing corporate structures could limit the impact of any new board members.
However, the activism has put Iger on high alert. His focus appears to have shifted towards warding off these challenges rather than fixing the underlying issues within Disney. Media coverage, shareholder negotiations, and internal machinations suggest that Iger is more concerned with reputation management and political survival than with bold strategic reforms.