Disney CEO Bob Iger insists he was focused on defending company over himself in proxy fight

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Iger's comment comes after billionaire Nelson Peltz lost his bid for a seat on the company board.

Nelson Peltz’s effort to shake up Disney’s board, hoping to get a seat on it for himself. When asked about the failed attempt to shake up leadership, Iger told CNBC’sthat he had no personal interests in fending off Peltz, and instead was focused on helping the company.

“On my side, not, meaning I was supporting the interests of the company, not my personal interests, and defending what the company and the board was doing. as opposed to defending myself against criticism from Nelson and the people who are backing him,” Iger said. Iger delved more into the decision to reject Peltz’s request for a board seat, explaining that he himself did not feel that it was necessary, nor did any of the other board members. He also argued that Peltz did not bring “any new ideas” to the company, nor would he have had an impact on the company that would be considered positive., who has spoken out against Iger several times in recent months. Iger says he simply ignores Musk’s comments and chooses not to “get distracted by those things.

The settlement reached last month dismissed the claims in state court, including a public records case brought by Disney against the district, according to a summary offered by the district during a board meeting on Wednesday.

 

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