Disney’s Bob Iger wins battle for control and rebuffs shake-up attempts

Disney CEO Bob Iger fended off an attempt to shake up the corporate leadership on Wednesday when the shareholders voted for the company’s preferred slate of board nominees.

The effort to change the board was led by billionaire Nelson Peltz who lost his bid for a seat on the board. Peltz argued for a plan of succession in leadership, better streaming targets to be more “Netflix-like,” and called many of Disney’s goals “amorphous and the execution poor.”