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There’s a proxy fight at Disney.

You might have thought Bob Iger returning to Disney would have smoothed things over with the board and investors, but activist investor Nelson Peltz is back baby.

Peltz and his firm, Trian Fund Management are looking for two seats on the board. When Iger was asked about it yesterday at New York Time’s Dealbook conference he demurred.

But today the company responded to the proxy fight accusing Peltz of collaborating with Ike Perlmutter (who owns most of the shares Peltz is relying on). Perlmutter was fired from the board this year after losing more and more of his once iron grip on the Marvel franchise. He once called women-led superhero films a “disaster” and attempted to scuttle both the hugely successful Black Panther and Captain Marvel films for exactly the reasons you think.