Disney governance proposal squashed
A bid by Disney shareholders to split Bob Iger’s dual chairman and CEO role was defeated at the AGM on Wednesday .
The move followed recent reports that Iger received a $40m package in fiscal year 2012 and echoed earlier protests by opponents when former head Michael Eisner held both roles.
According to reports the AGM was conducted in a generally positive mood on the back of record stock prices.
Shareholders voted to re-elect all 10 members of the board. The directors including Iger are: Susan E Arnold, John S Chen, Judith L Estrin, Fred H Langhammer, Aylwin B Lewis, Monica C Lozano, Robert W Matschullat, Sheryl Sandberg and Orin C Smith.
Iger also unveiled the first model image of Shanghai Disney Resort ahead of the targeted late 2015 opening ceremony.
The resort will include Shanghai Disneyland, two themed hotels, a 46,000-sq m gross floor area retail, dining and entertainment venue, recreational facilities, a lake and parking and transportation hubs.