This is an enormous win for Iger. Wow, I never expected George to come out so categorically in favor of Iger. It's one thing to quietly vote for Iger's slate, but it's another thing entirely to give this level of support. When the book is written on this proxy fight, this will be a defining win. The shares are important (Lucas owns many!), but the symbolic victory here is significant. This is the equivalent of George placing his stamp of approval on the sequel trilogy, the tv shows, the parks, the games, and everything else Disney has done with Star Wars.
As other's pointed out, this relationship was fraught for years. Lucas and Iger have both come out and said that Lucas was bitter about the way Star Wars was handled. But man, that's water under the bridge now. George might have gotten some concession, but really this is just a gift to Bob Iger. This is everything that he could have reasonably hoped for. I have to hand it to Iger, his ability to leverage his allies and even enemies (Abigale Disney and George Lucas) to mount a defense of this board is remarkable. This probably will end the campaign. Peltz and Rasulo needed Lucas.
I'm curious to see how George characterizes his views moving forward. Complaining about Disney's management of Star Wars from now on is pretty much a joke. He can't condemn Iger's management of the brand he created while also supporting Iger. I think he must have made his peace with the acquisition.
Kudos to you, Iger!
