Disney fights off dissident shareholders in epic battle for control of entertainment giant

Disney shareholders backed all of CEO Bob Iger’s board nominees.

Walt Disney shareholders handed chief executive Bob Iger a big vote of confidence, rejecting dissident investor Nelson Peltz’s bid for a board seat at the giant entertainment company.

Shareholders elected all of Disney’s choices for the board, turning aside the nomination of Mr Peltz, executives said at the company’s annual meeting. Investors also rejected Mr Peltz’s ally, former Disney finance chief Jay Rasulo, and a slate from Blackwells Capital, another dissident group.