Walt Disney’s grandchildren endorsed CEO Bob Iger in a letter to shareholders on Thursday, praising him and his management for being “faithful” to the brand’s “magic.”
“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,” the letter, signed jointly by Roy P. Disney, Susan Disney Lord, Abigail E. Disney and Tim Disney.
In that same letter, the grandchildren denounced Trian Fund Management’s Nelson Peltz and his board nominations in their ongoing proxy battle with the corporation, writing, “These hedge-fund-backed opportunists … have little to no knowledge of what Disney truly means.”