George Lucas backs Iger in Disney proxy fight, CNBC reports

George Lucas, who received 37.1M Disney shares as part of the sale of Lucasfilm in 2012 and is currently the largest individual investor in the company, is supporting Disney CEO Bob Iger in the company’s proxy battle with activist investor Nelson Peltz, reported CNBC’s Becky Quick. In a statement provided to CNBC, the filmmaker wrote: “Creating magic is not for amateurs. When I sold Lucasfilm just over a decade ago, I was delighted to become a Disney shareholder because of my long-time admiration for its iconic brand and Bob Iger’s leadership. When Bob recently returned to the company during a difficult time, I was relieved. No one knows Disney better. I remain a significant shareholder because I have full faith and confidence in the power of Disney and Bob’s track record of driving long-term value. I have voted all of my shares for Disney’s 12 directors and urge other shareholders to do the same.”