Disney Collaborates with ValueAct to Counter Activist Challenges, Faces Board Nominations Ahead of Key Meeting
Disney has received backing from activist investor ValueAct Capital for its board nominees, while Blackwells Capital has announced plans to nominate three directors in support of CEO Bob Iger. This comes as Disney faces potential board challenges from Trian Capital and other dissenters at the upcoming annual shareholder meeting. ValueAct's support is part of a strategic consultation agreement with Disney, and Blackwells' move is seen as a way to bring new perspectives to the board, aligning with Iger's strategy. The situation indicates a significant moment of corporate governance activity for Disney, with various stakeholders vying for influence over the company's direction.