Read the open letters Disney heirs wrote to shareholders, defending Bob Iger and slamming activist investors as 'villains'

Fri, 03/01/2024 - 06:52

A Christmas-themed stage with people dressed as gingerbread people in front of the Disney castle. — The Disney Parks Magical Christmas Day Parade.
Abigail Nilsson/Getty Images

In a pair of open letters to shareholders, Disney's heirs put their weight behind CEO Bob Iger.
The investor Nelson Peltz's Trian Fund Management is seeking seats on Disney's board.
Trian Fund Management owns about $3 billion of Disney stock.

In a pair of letters to shareholders on Thursday, the grandchildren of Walt Disney and Roy O. Disney endorsed CEO Bob Iger and spoke out against "activist investors" such as Nelson Peltz.