Disney Has a New Chairman -- and a Proxy Fight on Its Hands
"The only constant in life is change," as the old saying goes. That seems to be particularly appropriate when applied to Walt Disney (NYSE: DIS) in recent months.
In late November, Disney shareholders sent up a collective cheer at the return of iconic CEO Bob Iger, who returned to run the House of Mouse after a nearly two-year hiatus. Iger immediately set to work, unwinding a sweeping reorganization initiated by former CEO Bob Chapek before his very public ouster. Several other recent developments bear Iger's fingerprints, including some fan-friendly changes to theme park policies and a requirement that employees return to the office at least four days per week.
Today, two new developments greeted Disney investors. The company has elected a chairman of the board, and an activist investor is picking a fight with the house that Mickey built.
Source Fool.com
