June 21, 2024
Investors

Disney board nominates slate of dozen directors that excludes activist investors


Published: Jan. 16, 2024 at 6:22 p.m. ET

Walt Disney Co.’s board on Tuesday nominated a slate of 12 directors that notably left out activist investors from Trian Fund Management (Nelson Peltz, James Rasulo) and Blackwells Group (Craig Hatkoff, Jessica Schell, Leah Solivan), both of which have been highly critical of Disney Chief Executive Robert A. Iger.

The company DIS instead unanimously recommended current board members including: General Motors Co. GM CEO Mary T. Barra; Oracle Corp. ORCL CEO Safra A. Catz; Amy L. Chang, a former senior executive at Alphabet…

Walt Disney Co.’s board on Tuesday nominated a slate of 12 directors that notably left out activist investors from Trian Fund Management (Nelson Peltz, James Rasulo) and Blackwells Group (Craig Hatkoff, Jessica Schell, Leah Solivan), both of which have been highly critical of Disney Chief Executive Robert A. Iger.

The company

DIS

instead unanimously recommended current board members including: General Motors Co.

GM

CEO Mary T. Barra; Oracle Corp.

ORCL

CEO Safra A. Catz; Amy L. Chang, a former senior executive at Alphabet Inc.’s

GOOGL


GOOG

Google and Cisco Systems Inc.

CSCO

; former Sky CEO D. Jeremy Darroch; Carolyn N. Everson, a former senior executive at Instacart

CART

,
Facebook parent Meta Platforms Inc.

META

and Microsoft Corp.

MSFT

; Michael B.G. Froman, former vice chairman and president of strategic growth at Mastercard Inc.

MA

; James P. Gorman, former CEO of Morgan Stanley

MS

; Iger; Maria Elena Lagomasino; Calvin R. McDonald, CEO of Lululemon Athletica Inc.

LULU

; Disney Chairman Mark G. Parker; and Derica W. Rice, a former senior executive at CVS Health Corp.

CVS

and Eli Lilly and Co.

LLY

.

Disney also disclosed that Iger’s total pay last year was valued at $31.6 million, down from $45.9 million in 2021, his previous full year of employment at the company.



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