Disney Directors Defend Their Search for CEO

Walt Disney Co.’s non-management directors dismissed as “baseless and inaccurate” a lawsuit filed by dissident former directors Roy E. Disney and Stanley P. Gold alleging that they conducted a sham job search before elevating President Robert Iger to replace Michael Eisner as chief executive.

In a statement aimed at dispelling suggestions that the board split on the selection of Iger, the 10 directors defended their search as “thorough, careful and reasoned,” adding that they unanimously agreed Iger was “the best choice to lead the company forward.”