In a recent statement posted on social media, former Chairman and CEO of Disney, Michael Eisner, has thrown his support behind current CEO Bob Iger amidst an activist bid by Nelson Peltz and Trian Fund Management. Eisner, who had previously been Iger's boss, expressed concerns about bringing in someone without experience in the company or the industry and warned against potential disruptions to both Iger and his eventual successor.

Drawing from his own experience in a similar situation back in 1983, Eisner emphasized the importance of preventing corporate raiders from taking over the company. He pointed out that had it happened, Disney as we know it, including the studio, theme parks, and hotels, could have faced being sold off. Instead, Eisner and his team took charge, ensuring a different, successful story for Disney, which Iger has continued with his executive team.

Eisner urged shareholders to consider the lessons learned from the past and support the current leadership. He stated that the company is now in excellent hands under Iger's guidance, and voting for Disney's slate of board nominees would be the right decision.

While Iger has received strong backing from influential figures such as Disney family members, George Lucas, and Laurene Powell Jobs, Peltz has not garnered as much public support. However, Trian recently achieved a significant victory when proxy advisory firm ISS announced its support for the activist bid, citing concerns over Disney's succession planning.

The battle for seats on Disney's board will come to a head at the upcoming annual shareholder meeting on April 3. Shareholders will have to decide whether to support Iger and the company's slate of board nominees or back Peltz's bid for change. With both sides actively campaigning, the outcome of this clash remains uncertain.

Despite the mounting pressure, Iger and his team continue to make strides in the industry, and with the support of notable figures and shareholders, they aim to secure a future that builds upon Disney's rich legacy.