Disney will 'eke out a narrow victory' over Nelson Peltz, former Medtronic CEO says on proxy fight
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Disney's (DIS) annual shareholder meeting, which will decide Disney's board membership, will take place on April 3. The vote has attracted media attention as activist Nelson Peltz has questioned Disney's current leadership and seeks to embed his views in the company.
Former chairman and CEO of Medtronic Bill George joins Yahoo Finance to discuss the Disney board vote on Wednesday and how the company may operate after the vote.
Getting down to the point, George predicts: "I think that Disney will eek out a narrow victory over Peltz and Peltz can go away like he did on PepsiCo (PEP) and a few others, he can go back and find someone else to go after. At least that's what I hope will come out because I think it's the best thing for Disney. This company deserves a very great long-term future."
#Disney #youtube #yahoofinance
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