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Disney’s Narrow Victory: Peltz’s Proxy Fight Ends in Heartbreak

Disney is facing a proxy battle from investor Nelson Peltz, who wants a seat on the board and changes in the company. Peltz has support from some shareholders, but Disney Chairman Bob Iger is confident in winning the vote. The battle has forced Disney to make changes, including decentralizing decision-making and addressing succession planning. Iger believes Disney will emerge stronger from the battle and continue its growth.