George Lucas Backs Bob Iger in Disney Proxy Battle

As Disney's shareholder vote approaches, George Lucas's support significantly strengthens CEO Bob Iger's position against activist investors.

George Lucas, the largest individual holder of Disney stock, endorses Bob Iger's leadership ahead of the April 4 shareholder vote, significantly boosting Iger's position.
Disney faces a proxy battle instigated by Trian Partners and Blackwells Capital, aiming to replace current board members with their nominees.
Analysts speculate a victory for Iger due to recent recovery in Disney's share price and high-profile support, including from JPMorgan Chase CEO Jamie Dimon.
Nelson Peltz's Trian Fund Management, which beneficially owns $3.5 billion in Disney stock, criticizes the company's performance and succession planning.
Disney counters Peltz's campaign with a political-style attack ad and endorsements from corporate governance advisory firm Glass Lewis and Disney heirs.