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Disney shareholders elect to keep company the same

The Los Angeles Times has an update on the Disney shareholder meeting. With stock at an all time high, shareholders rejected the two proposals that would restructure how the company was governed. The first would have split the CEO and chairman roles into two separate positions and the second would have created an easier path for challenger board candidates to seek election. The leadership proposals showed poor reception before the vote, but were mulled over on the basis “to inject some new blood onto the board.” The current CEO and chairman Bob Iger will hold the CEO title until March 2015 and the chair position until June 16 when his contract expires. Iger finished the meeting with a trailer for Iron Man 3 and renderings for the new Shanghai Disney Resort.

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