Disney, Activist Investor Agree to a Standstill as Entertainment Giant Adds Tech Executive to Board

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Disney, Activist Investor Agree to a Standstill as Entertainment Giant Adds Tech Executive to Board
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Disney says it has added Carolyn Everson, who was most recently president of Instacart, to its board of directors

Walt Disney Co. said it has added Carolyn Everson, a veteran technology and media executive, to its board of directors one month after activist investor Dan Loeb sent a letter to Disney Chief Executive Bob Chapek asking himMr.

Loeb’s hedge fund, Third Point LLC, and Disney said Friday they agreed to a standstill over the makeup of Disney’s board of directors, which means the fund won’t propose its own slate of board members at the company’s next annual meeting.

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