As activist shareholder Nelson Peltz presses a long-shot fight for a seat on Disney’s corporate board, with help from former Marvel honcho Ike Perlmutter, Bob Iger appears to be solidifying his control.
In 2004, Roy Disney — Walt’s nephew — summoned Disney shareholders to the company’s annual meeting, asking them to oust then-chairman and CEO Michael Eisner, who had been running the place for 20 years.
Roy had Walt’s face and his “Save Disney” movement brought emotional Disney-loving individual shareholders of all ages to chilly Philadelphia, some leaning on canes and others with babies in strollers. After a stunning 43 percent voted against re-electing Eisner to the board, a new chairman was named immediately and Eisner, despite vowing to remain as CEO until the end of his contract in 2006, departed in 2005.
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