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## Disney CEO Focused on Business Amid Ongoing Proxy Battle

Disney (DIS) CEO Bob Iger is determined to maintain his focus on turning around the business despite the distractions caused by an ongoing proxy battle with activist investor Nelson Peltz.

“I am working really hard to not let this distract me because when I get distracted, everybody who works for me is distracted and that’s not a good thing,” Iger emphasized at Morgan Stanley’s media and telecom conference.

The pressure from Peltz and his hedge fund Trian Fund Management has intensified as they seek to shake up Disney’s board amidst challenges such as declining linear TV business, slower growth in parks business, and losses in streaming services.

Iger highlighted the complexities of operating Disney’s diverse business, especially as segments like streaming face increasing disruption. He stressed the need for knowledge, time, and focus to navigate the evolving landscape and deliver value to shareholders.

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