George Lucas on Tuesday got here out in assist of Walt Disney Co. and its CEO Bob Iger, of their proxy battle with activist investor Nelson Peltz.
Why it issues: The Star Wars creator, who bought Lucasfilm to Disney in 2012 for $4 billion, is not recognized for getting in the course of monetary fights.
What he is saying: Lucas, who’s believed to be Disney’s largest particular person shareholder, mentioned partially:
“Creating magic isn’t for amateurs. … When Bob just lately returned to the corporate throughout a troublesome time, I used to be relieved. Nobody is aware of Disney higher.”
The underside line: Disney is drawing many well-known characters into its activist protection, with Lucas changing into the most recent to hitch a parade that already included Jamie Dimon and eight grandchildren of Walt and Roy Disney.
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