The heirs backed Iger and his management for being "faithful" to Disney's "magic" and said the CEO has "grown this company in a modern world."
Peltz's Trian Fund Management, which owns about $3 billion of Disney stock, has criticized Disney's leadership and is seeking seats on its board.
In early February, Iger and Peltz threw jabs at each other following Disney's better-than-expected earnings report.
They understand that the longevity of The Walt Disney Company isn't only the result of smart business decisions; it is rooted in the strong emotional connection Disney continues to forge with generations of people from around the globe.
To the contrary, their "I alone can fix it" mentality makes clear that they are not interested in preserving the Disney magic, but stripping it to the bone to make a quick profit for themselves.
Persons:
Iger, Peltz's, Disney's, Peltz, Roy O, Walt Disney, Walt, Roy, Snow White, Mary Poppins, Bob Iger, Saul Steinberg —, Nelson Peltz —, Roy P, Disney Susan Disney, Abigail E, Disney Tim Disney
Organizations:
Peltz's Trian Fund Management, Disney, Trian Fund Management, Variety, The Walt Disney Company, Walt Disney Company, Directors
Locations:
Iger