Bob Iger gets Disney shareholder backing
A voting of shareholders on Wednesday saw votes cast against attempts by ‘activist investors’ to remove Bob Iger as the CEO
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Published: Apr 4, 2024 11:46 AM | 1 min read
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Disney CEO Bob Iger got the approval of company shareholders in a voting on Wednesday that saw activist investors' bid for his removal rebuffed, media reports have said.
A section of shareholders had sought a successor for Bob Iger who was brought back as CEO in November 2022 as a replacement for Bob Chapek.
Iger has earlier held the mantel of Disney for 15 years.
December last year it was reported that he would be stepping down as the CEO in 2026 upon the completion of his contract.
In March this year, Iger spoke on the deal with Reliance and how it was "the best of both worlds".
“We wanted to stay in India. We made a big investment in India when we purchased the assets of 21st Century Fox,” Iger had said.
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