Bob Iger, Chairman and CEO of Walt Disney (C) speaks next to Jamie Dimon(L), Chairman & CEO of JP Morgan Chase & Co during the Bloomberg Global Business Forum in New York on September 25, 2019.
Trian, run by Nelson Peltz, launched an intense proxy fight against Disney, asking investors to nominate him and former Disney Chief Financial Officer Jay Rasulo to the board at its annual general meeting on April 3.
Dimon gave the following statement on Iger to Faber:JPMorgan Chase CEO Jamie Dimon endorsed Disney CEO Bob Iger in his proxy battle with activist Trian Partners, CNBC's David Faber has learned.
Meanwhile, Iger has been trying to streamline the sprawling media company to rein in spending and make its Disney+ streaming platform profitable.
Dimon rarely weighs in on proxy battles, while JPMorgan does have a history of advising Disney on defensive matters.
Persons:
Bob Iger, Walt Disney, Jamie Dimon, JP Morgan Chase, Nelson Peltz, Jay Rasulo, Bob, Dimon, Iger, Faber, Trian, CNBC's David Faber, Peltz
Organizations:
Walt, Co, Bloomberg Global Business, Disney, JPMorgan Chase, Trian Partners, Netflix, JPMorgan
Locations:
New York