Had he won, he would have gotten at least two board seats, which would have given him an inside track to steer or eliminate senior management. He lost. Some accounts say he made $300 million in his fight with the Disney board.

Walt Disney shares tumbled after the world's biggest entertainment company reported that subscribers for its Disney+ streaming service were lower than analysts had expected, and a profit outlook for the year also came up short.

Disney stock took a dive dove Tuesday after the entertainment behemoth fell short on its profit outlook and Disney+ subscriber growth. That's despite Disney+ becoming profitable for the first time.