George Lucas Backs Disney's Iger Amid Shareholder Showdown

March 19, 2024
George Lucas Backs Disney's Iger Amid Shareholder Showdown
  • George Lucas, creator of Star Wars, publicly supports Disney CEO Bob Iger against activist investor Nelson Peltz.

  • Lucas, as Disney's largest individual shareholder, advocates for the re-election of the current board directors.

  • Nelson Peltz, with backing from former Marvel CEO Ike Perlmutter and ex-Disney CFO Jay Rasulo, aims to replace two board directors.

  • Lucas credits Iger's leadership for the successful integration of Lucasfilm into Disney, leading to new 'Indiana Jones' and 'Star Wars' content.

  • The dispute showcases a clash of visions for Disney's future, particularly in the streaming space, awaiting resolution at the annual shareholder meeting.

Summary based on 10 sources


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