Disney

Disney proxy fight over for Iger, Nelson Peltz claims victory

Activist investor Nelson Peltz of the Trian Group has announced the of his proxy fight with the Walt Disney Co and CEO bob Iger after the entertainment company unveiled restructuring plan that included cost cuts and 7,000 layoffs.

Disney to slash 7,000 jobs

Disney announced Wednesday it will lay off some 7,000 workers as part of a restructuring plan aimed at saving the company billions of dollars, becoming the latest company to cut jobs.