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Disney Shareholders Reject Call to Split Chairman-CEO Jobs

Sixty-five percent of investors opposed the proposal from three state pension funds.

By Christopher Palmeri, Bloomberg | Updated on March 06, 2013

Walt Disney Co. investors turned back calls for a future split of the two top jobs held by Chairman and Chief Executive Officer Robert Iger, rejecting the demands of three state pension funds.

Sixty-five percent of shareholders voting opposed the split, Disney said today at its annual meeting in Phoenix. The company’s executive compensation and bonus plans passed, and Iger was re-elected to the board with 98 percent support.

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