"George Lucas Supports Disney and Bob Iger in Proxy Battle Amid Turmoil"
TL;DR Summary
George Lucas has thrown his support behind Disney CEO Bob Iger and the company's board in their ongoing proxy fight against activist investors, emphasizing that "creating magic is not for amateurs." Lucas, a significant Disney shareholder, urged other shareholders to vote for Disney's 12 directors. His backing adds to the support from the family of Walt and Roy Disney and shareholder services firm Glass Lewis. Disney is facing a proxy fight from activists Nelson Peltz and Blackwells Capital, with Peltz having billions of dollars in shares pledged by Ike Perlmutter, who also sold his company (Marvel) to Disney.
- George Lucas Backs Disney and Bob Iger in Proxy Fight: “Creating Magic Is Not for Amateurs” Hollywood Reporter
- George Lucas Backs Disney Board and Bob Iger Amid Proxy Fight: ‘Creating Magic Is Not for Amateurs’ Variety
- George Lucas backs Disney CEO Bob Iger in proxy fight with Nelson Peltz CNBC
- Nelson Peltz Fights Disney—and Turmoil at His Own Fund The Wall Street Journal
- George Lucas Comes Out In Support Of Bob Iger, Disney In Midst Of Proxy Battle Deadline
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