TECH - Disney Boardroom Battle Was Not Targeted At Bob Iger But Holding The Board Accountable Says 13D Founder — Jeffrey Sonnenfeld Disagrees | Benzinga
On Tuesday, while appearing on CNBC’s “Last Call,” Ken Squire, the founder and president of 13D Monitor, shared his perspective on the boardroom battle at Walt Disney Co. (NYSE:DIS), saying it was not targeted at Bob Iger.
What Happened: Squire said that Nelson Peltz, the nominee from Trian and Blackwells, was not targeting Iger’s leadership but holding the company's board accountable.
“This was never about Bob Iger not being a successful CEO, not being a good visionary. Nelson Peltz was not opposing Bob Iger,” Squire said, adding, “He might have withheld his votes against him, but he did not recommend that other shareholders withhold their votes against them.”
Squire then went on to say that the fight was all “about long-term. It’s about succession. It’s about holding the board accountable. It’s not about this quarter or last quarter.”
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