JPMorgan (JPM) CEO Jamie Dimon endorsed Disney (DIS) CEO Bob Iger in his proxy battle with activist Trian Partners, CNBC’s David Faber has learned, writes Yun Li. In a statement on Iger to Faber, Dimon said, “Bob is a first-class executive and outstanding leader who I’ve known for decades… Putting people on a Board unnecessarily can harm a company. I don’t know why shareholders would take that risk, especially given the significant progress the company has made since Bob came back.” Trian, run by Nelson Peltz, launched an intense proxy fight against Disney, asking investors to nominate him and former Disney CFO Jay Rasulo to the board at its annual general meeting on April 3rd.
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