DIS - Disney Heirs Rally Behind CEO Bob Iger Slam Activist Investors As 'Wolves In Sheep's Clothing' In Open Letter | Benzinga
In a recent development, the grandchildren of Walt Disney and Roy Disney, the founders of Walt Disney Co (NYSE:DIS), have taken a stand in support of CEO Bob Iger and the company’s board. They have criticized and opposed the activist investors who have been challenging the company’s management.
What Happened: The four grandchildren of Roy Disney namely Roy P. Disney, Susan Disney Lord, Abigail E. Disney, and Tim Disney have penned an open letter expressing their apprehensions regarding the activist investors who they perceive as a threat to the company, Reuters reported on Friday. The investors have been trying to influence Disney’s strategies and decision-making processes.
The letter, which was published on Monday, has come at a time when Disney is embroiled in a proxy war with billionaire Nelson Peltz. Peltz has been advocating for cost-cutting measures, a more profitable streaming business, and better succession planning within the company.
The grandchildren of Walt Disney, Walter Elias Disney Miller, Tamara Diane ...