What Happens After Disney's Proxy Battle?
Wednesday's showdown at Walt Disney (NYSE: DIS) isn't shaping up to be much of a fight. The media giant's current board members continue to garner support from some of its largest shareholders, but leave it the leading entertainment stock to inject some drama before the end credits roll.
A New York Times report -- hours before the final votes are tallied -- suggests that the proxy battle has "evolved into a much closer contest" than initially expected. A Financial Times update claims that "the vote has remained closely fought, even in its final stages."
Don't bother popping the popcorn. The real story here has never been about the actual shareholder vote. What matters here is what Disney will do after the proxy battle is over. Leave it to Disney to close with a cliffhanger to cash in on the sequel.
Source Fool.com
