Iger Settles Disney Feud

A long-running battle came to a fairytale ending Friday as Disney (DIS Quote) and a pair of dissident former directors agreed to end hostilities.

The Burbank, Calif., media company and its longtime critics, Roy Disney and Stanley Gold, signaled the truce in a joint statement saying they have "agreed to put aside the differences that have characterized their relationship over the past several years."

With the cease-fire, the former directors withdrew a lawsuit they filed this spring accusing Disney's board of failing to conduct a thorough CEO search. They also agreed not to wage any proxy battles for five years. In return, Disney agreed to nominate Roy Disney to the important post of director emeritus. ...