Former Disney CEO Michael Eisner has come out in support of current CEO Bob Iger and the company's board of directors in their proxy fight against Nelson Peltz's Trian Partners. Eisner's statement, released on Friday, harkened back to the 1984 activist campaign led by Saul Steinberg, warning against bringing in an outsider to disrupt the company's leadership.
Eisner highlighted the previous threat Disney faced from corporate raiders in 1983, emphasizing the importance of experienced leadership in preserving the company's legacy. He praised the current executive team led by Bob Iger for continuing the success story that he and Frank Wells initiated.
