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The Independent UK

National

Michelle Chapman

Peltz, citing changes at Disney, ends push for set on board

Disney Bob Iger Nelson Peltz Bob Chapek

Activist investor Nelson Peltz has called off a proxy fight with Disney one day after newly returned CEO Bob Iger announced a major restructuring of the company that includes thousands of job cuts.

Peltz phoned into CNBC on Thursday to say that his firm, Trian Fund Management, got everything it wanted with the changes imposed by Iger.

“We will be watching, we will be rooting, and the proxy fight is over," Iger said.

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