Disney’s Potential Proxy Battle No Issue For Incoming Board Member James Gorman: “That Doesn’t Bother Me One Little Bit”
deadline.comJames Gorman, CEO of Morgan Stanley and soon to be a member of Disney‘s board of directors, is not fazed by the possibility of the media giant going through a proxy fight.
During a lengthy sit-down with CNBC, the exec acknowledged that a battle is brewing with activist investor Nelson Peltz, whose investment firm nominated him along with ex-Disney CFO James Rasulo for board seats.
The duo are co-ordinating their efforts with Ike Perlmutter, the former head of Marvel. Disney said a board committee will consider those applications ahead of the annual shareholder meeting, but it has been critical of Perlmutter for having a “longstanding personal agenda” against the company due to his dismissal by CEO Bob Iger.
Shareholders will elect board members in early 2024 at the meeting, whose date has not yet been announced. “That’s all right,” Gorman shrugged about the skirmish between Disney and the activist investors. “You know, we have had a lot of battles in my life.
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