Walt Disney Co. has announced its nomination of a slate of 12 directors for its board, excluding activist investors from Trian Fund Management and Blackwells Group. This decision comes despite the previous criticism that these investors have directed towards Disney’s Chief Executive, Robert A. Iger. Instead, the company has unanimously recommended the continuation of current board members.
The Nominees
The nominated board members include CEO Mary T. Barra from General Motors Co., CEO Safra A. Catz from Oracle Corp., Amy L. Chang, a former senior executive at Alphabet Inc.’s Google and Cisco Systems Inc., former Sky CEO D. Jeremy Darroch, Carolyn N. Everson, a former senior executive at Instacart, Facebook parent Meta Platforms Inc., and Microsoft Corp., Michael B.G. Froman, former vice chairman and president of strategic growth at Mastercard Inc., James P. Gorman, former CEO of Morgan Stanley, Iger himself, Maria Elena Lagomasino, Calvin R. McDonald, CEO of Lululemon Athletica Inc., Disney Chairman Mark G. Parker, and Derica W. Rice, a former senior executive at CVS Health Corp. and Eli Lilly and Co.
Reduced Pay for Iger
Disney has also disclosed that Iger’s total pay for the previous year amounted to $31.6 million, which marks a decrease from his 2021 earnings of $45.9 million, considering it was his last full year of employment with the company.
