George Lucas Says "I Have Full Faith And Confidence" In Bob Iger's Track Record Of Driving Long-Term Value At Disney; Says "I Have Voted All Of My Shares For Disney's 12 Directors And Urge Other Shareholders To Do The Same"
Portfolio Pulse from Benzinga Newsdesk
George Lucas expresses strong support for Bob Iger's leadership at Disney, highlighting Iger's track record of driving long-term value. Lucas has voted all his shares for Disney's 12 directors and encourages other shareholders to follow suit.
March 19, 2024 | 12:58 pm
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POSITIVE IMPACT
George Lucas's endorsement of Bob Iger and the current board could positively influence shareholder sentiment and potentially stabilize or boost Disney's stock in the short term.
High-profile endorsements, especially from influential figures like George Lucas, can sway shareholder sentiment and confidence. Given Lucas's historical ties and significance to Disney, his public support for Iger and the board is likely to be viewed positively by investors and could lead to a short-term positive impact on Disney's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90