Egan-Jones Supports Peltz in Disney Board Battle

Proxy fight intensifies with divided support from advisory firms and high-profile figures ahead of Disney's annual meeting.

Egan-Jones backs Nelson Peltz and Jay Rasulo for Disney board, advising shareholders to withhold votes from current members Maria Elena Lagomasino and Michael Froman.
Institutional Shareholder Services and over a dozen former public company directors support Peltz's campaign, while Disney receives backing from Glass Lewis and notable figures including George Lucas.
Disney aims for $7.5 billion in savings by end of fiscal 2024, expecting profitability in streaming platforms by the fourth quarter.
Peltz criticizes Disney's succession planning and financial performance, seeking to introduce new ideas and perspectives to the board.
Disney defends its CEO succession process and operational priorities, emphasizing efforts to drive profitable growth and shareholder value.