In a recent development, Walt Disney Co. (NYSE:DIS) has publicly dismissed the board nominees of activist shareholders. The company’s CEO, Bob Iger, has communicated this decision in a preliminary proxy filing with the Securities and Exchange Commission. What Happened: In a letter to investors, Iger outlined the company’s significant changes and cost-efficiency measures, as reported by Reuters on Tuesday. Disney is on track to achieve approximately $7.5 billion in cost reductions, a figure $2 billion higher than its initial target. The company has prioritized making its streaming business prof…

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