Proxy advisory firm Glass Lewis recommended shareholders support the company's current board.
In a paper published on Monday and viewed by Yahoo Finance, proxy advisory firm Glass Lewis recommended shareholders support the company's current board and withhold votes for the nominees put forth by Peltz's Trian Fund Management and fellow activist Blackwells Capital.
Disney's Chief Executive Officer Bob Iger holds a news conference at Shanghai Disney Resort as part of the three-day Grand Opening events in Shanghai, China, June 15, 2016. REUTERS/Aly SongMeanwhile, ValueAct Capital has come out against Peltz — giving Disney an extra boost in fighting off the billionaire investor. The activist entered into anDisney's current board, along with Bob Iger's leadership. To note, the bank is currently serving as a defensive advisor to the media giant.
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