Shareholders will vote Wednesday to determine the future of Disney's board, the culmination of activist investor Nelson Peltz's bitter proxy fight. Traders have lower expectations that the Federal Reserve will cut interest rates in June, bringing markets down. Investors will be watching the ADP private payrolls report released Wednesday ahead of March jobs data on Friday. Shareholders will vote Wednesday on the company's board.
Voters are deciding if the board deserves another year together, or if candidates nominated by activist investors, including Trian Partners' Peltz, should replace certain directors. Trian has said the company failed to generate expected returns. Disney is reportedly leading the way in voting. Operations were disrupted by the pandemic since 2020