"Disney Triumphs Over Activist Investor Nelson Peltz in Shareholder Showdown"

Disney shareholders rejected activist investor Nelson Peltz's board nominees, opting instead for the company's 12-person slate at its annual meeting. The proxy battle, fueled by Peltz's criticism of Disney's streaming strategy and CEO succession plan, ended with shareholders supporting the company's direction. Disney has faced challenges in the streaming era, with Peltz's Trian Partners advocating for cost cuts and a clearer strategy. Despite Disney+ gaining 111.3 million subscribers, the platform has yet to turn a profit, and the issue of CEO succession remains a point of contention.