Former Disney CEO Michael Eisner has voiced his support for current chief executive Bob Iger amidst a proxy fight with activist investors, including Nelson Peltz, ahead of Disney's annual shareholders meeting on April 3. Eisner highlighted the historical context of corporate challenges faced by Disney, referencing a past attempt at a hostile takeover in 1983.
Eisner recalled how the board turned to him and Frank Wells to navigate the crisis, ultimately preserving the integrity of the Disney Company. He emphasized the importance of continuity and experience in leadership, drawing parallels to the current situation and urging shareholders to back the existing Disney leadership.
