Reported Earlier, 'Perlmutter Sells Entire Disney Stake After Proxy Fight Loss' - WSJ
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Isaac "Ike" Perlmutter, the former Marvel Entertainment executive, who for the last decade and a half has been one of Disney's largest independent shareholders, has sold his entire stake.
Perlmutter banded with activist investor Nelson Peltz last year in a campaign to secure two seats on Disney's board of directors, contributing nearly 26 million shares to Peltz's war chest. In April, shareholders voted overwhelmingly in favor of Disney's slate, effectively endorsing CEO Bob Iger and his management team while handing Peltz and Perlmutter a bruising defeat.