Disney board nominates dozen nominees that does not include activist investors

Walt Disney Co.'s (DIS) board on Tuesday nominated a slate of 12 directors that notably left out activist investors from Trian Fund Management (Nelson Peltz, James Rasulo) and Blackwells Group (Craig Hatkoff, Jessica Schell, Leah Solivan), both of which have been highly critical of Disney Chief Executive Robert A. Iger. The company instead unanimously recommended current board members, including: General Motors Co. (GM) CEO Mary T. Barra; Oracle Corp. (ORCL) CEO Safra A. Catz; Amy L. Chang, a former senior executive at Alphabet Inc.'s (GOOGL) (GOOG) Google and Cisco Systems Inc. (CSCO); former Sky CEO D. Jeremy Darroch; Carolyn N. Everson, a former senior executive at Instacart (CART), Facebook parent Meta Platforms Inc. (META) and Microsoft Corp. (MSFT); Michael B.G. Froman, former vice chairman and president of strategic growth at Mastercard Inc. (MA); James P. Gorman, former CEO of Morgan Stanley (MS); Iger; Maria Elena Lagomasino; Calvin R. McDonald, CEO of Lululemon Athletica Inc. (LULU); Disney Chairman Mark G. Parker; and Derica W. Rice, a former senior executive at CVS Health Corp. (CVS) and Eli Lilly and Co. (LLY). Disney also disclosed that Iger's total pay last year was valued at $31.6 million, down from $45.9 million in 2021, his last full year of employment at the company.

-Jon Swartz

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01-16-24 1823ET

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