Disney Heirs Line Up Against Nelson Peltz and Activist Investors
It’s a classic Disney movie plot: A family comes together to fight an enemy.Only this time it is happening in real life, with the grandchildren of Walt and Roy Disney, who founded the company in 1923, joining forces to oppose Nelson Peltz, the activist investor who is waging a proxy battle for board seats. The heirs — nine in total, including Abigail E. Disney, who has at times been a harsh critic of Robert A. Iger, Disney’s chief executive — publicly lined up behind Mr. Iger and the current Disney board on Thursday.“These activists must be defeated,” Roy P. Disney,…