Elon Muskis backingNelson Peltzin the proxy battle for the future ofDisney.
He wrote: Nelson Peltz should definitely be on the Disney board!
This would significantly improve Disneys share price.
Nelson Peltz and Elon Musk at the premiere of ‘Lola’ in FebruaryLISA O’CONNOR/AFP via Getty Images
Iger was returned to post after his successor, Bob Chapek, was removed.
Crucially,news reportshave suggested Disneys second-largest shareholder, BlackRock, is backing Iger and co. Once the result of the voting is known, attention will switch to who will succeed Iger as CEO.
Whatever the outcome, the proxy battle has hit both Disney and Igers standing.
Results of the vote will come today during Disneys annual general meeting at 1pm ET / 10am PT.
