As the Disney annual shareholder meeting grows closer, more and more people are starting to voice their support for Disney’s CEO Bob Iger and Disney’s nominees for its Board of Directors. Just hours after former Walt Disney Imagineering President Bob Weis voiced his support for Iger, actor Josh Gad joined in sharing his support. In a post on Instagram, the voice of Olaf said the following:
What this man has done and continues to do for the Disney Company is unprecedented since the days of Walt himself dreamed the impossible into life. I am fortunate to have seen some of the plans Bob Iger and his incredible team have in store for the future and that future could not be in better hands. Fellow shareholders, join me in supporting Bob and his entire @disney team by voting for them today. Don’t leave magic to people who only understand it as dollars and cents.
The statement comes after the proxy fight recently escalated. Nelson Peltz and his Trian Partners released a 133-page white paper where he outlined his demands for Disney to restructure its leadership, overhaul Disney’s linear television channels, and also achieve Netflix-like margins of 15% to 20% by 2027 with its streaming services. Some of these demands are already being implemented by Disney. Nelson Peltz and Trian Partners would also like to see both Peltz and former Disney executive Jay Rasulo placed on Disney’s Board of Directors.
Following the release of the white paper, Disney released a video warning of the dangers of Nelson Peltz and Jay Rasulo. Disney argues that their approach would be “disruptive and destructive.” Disney also recently reported a very strong quarter that showed the company heading in the right direction. However, Peltz and the company were not assuaged.
This proxy fight will ultimately be determined by shareholders and their votes. The annual shareholder meeting where the results will be determined will be on April 3, 2024. What do you think of Josh Gad joining in supporting Bob Iger and the Disney Board of Directors? Share your thoughts and opinions in the comments below!
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