EXCLUSIVE:The New York City Retirement Systems are inDisneys corner amid bitter proxy fight with activist investorNelson Peltz.
Disneys shares have performed well.
The New York City Retirement Systems intend to vote in favor of the candidates nominated by management.
NYC Comptroller Brad Lander, Bob IgerGetty
The company has 1.8 billion shares outstanding.
The $250-billion system isnt a massive Disney investor, but it is a high profile one.
Shareholders are currently voting their choice of directors to the companys 12-member board with voting ending on April 2.
The tally will be announced at Disneys shareholder meeting the next day.
Both sides been gathering allies and inundating stockholders with white papers, videos and detailed arguments.
Billionaire Peltz says he thinks Disneys board needs some oversight of succession planning and business strategy.
Trian is also seeking a board seat for former Disney executive Jay Rasulo.
So far today, Jeffrey Sonnenfeld of the Yale School of Management blasted Peltz on CNBC.
Another investment firm Blackwells has three other nominees of its own.
The 12 nominees with the most votes will make up the board.
