Nelson Peltz Loses Disney Proxy Fight: What Happened?

This story was originally published on April 2 and has been updated with the outcome of Disney’s proxy battle. Update, Wednesday, April 3: Disney’s annual shareholders meeting didn’t quite have the fireworks many people had hoped for. After a brief speech from Nelson Peltz, who was swiftly cut off when he ran over his allotted time, Disney announced that its shareholders had stayed loyal to CEO Bob Iger, thus bringing the saga of “the distracting proxy contest,” as Iger called …