New York CNN —
Disney won a hard-fought proxy battle against a group of activist investors who sought to secure seats on the company’s board of directors. The shareholder vote served as a legacy-defining victory for CEO Bob Iger.
Disney’s board triumphed by what the company called “a substantial margin” over the nominees put forward by Trian Fund Management and Blackwells Capital at its annual shareholder meeting.
Although Disney’s stock is up nearly 50% over the past six months, some investors — including Trian and Blackwells Capital — had hoped for higher returns and a more forceful shakeup inside
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