Do you know this baby? Quotes displayed in real-time or delayed by at least 15 minutes. The entrance to Disney World in Orlando, Florida. Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. Under him, the behemoth acquired Pixar . The Walt Disney Company. Thanks for contacting us. Igers transition from boss and chairperson has been in the works at least since February 2020, when Chapek replaced Iger as chief executive. This story has been shared 123,414 times. Iger was Disney's public face for 15 years as chief executive before handing the job off to Chapek in 2020, a stretch in which he compiled a string of victories lauded in the entertainment . it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. Dec 1 (Reuters) - Walt Disney Co (DIS.N) on Wednesday tapped Susan Arnold as its chairman of the board, the first woman to be named to the role in the entertainment company's 98-year-long history . Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. Market data provided byFactset. Iger struck a reassuring tone in his first email to staff on . Have feedback? They Were Secretly Conservative Spies. AFL cites an open letter from an unspecified number of Disney employees criticizing the company's political statements, as well as an article published on Quillette, an online magazine, from someone claiming to be a "company insider" condemning the group's internal messaging. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . The change will take effect after the company's annual shareholder meeting. When is Eurovision and how do you get tickets? Disney. Send us a tip using our annonymous form. They targeted moderate . Staffers are told to reject equality for equity and must reflect on Americas racist infrastructure and think carefully about whether or not [their] wealth is derived from racism, according to the documents. She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). But mammoth companies like Disney arent usually ready to give up on any part of their customer base, so the stresses of political involvement are likely to continue. Iger was Disney's public face for 15 years as chief executive before handing the job off to Chapek in 2020, a stretch in which he compiled a string of victories lauded in the entertainment . "As I step into this new role as chairman of the board, I look forward to continuing to serve the long-term interests of Disney's shareholders and working closely with CEO Bob Chapek as he builds upon the company's century-long legacy of creative excellence and innovation," Ms Arnold said in a statement. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. -. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. Venture capitalists swap Paris Hilton for Al Gore, US blacklisting is no match for TikTok virality, Editing by Lauren Silva Laughlin and Sharon Lam, Theres hope beyond moaning for European telcos, Adani contrarian is a win for Hindenburg, too, Exclusive news, data and analytics for financial market professionals. Parker's appointment is The memo failed to tamp down employees outrage over the legislation, which is supported by Ron DeSantis, the Republican governor and a potential 2024 presidential candidate. Walt Disney named former Carlyle Group and Procter & Gamble Co. executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from the company. susan e arnold political partyvictoria centre car park consettvictoria centre car park consett View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. Prior to that, she was Vice Chair of P&G Beauty and Health from 2006, Vice Chair of P&G Beauty from 2004 and President Global Personal Beauty Care and Global Feminine Care from 2002. Your IP: Where he heads next is still an open question. Susan Arnold (Q535362) Susan Arnold. The company has alsobackeda 21-Day Racial Equity and Social Justice Challenge day where participants are told they all been raised in a society that elevates white culture over others, City-Journal reported. Chris Palmeri reports. edit. For the last eight years Ms Arnold has been an executive at Carlyle Group, having previously held roles at consumer goods giant Procter and Gamble and fast food chain McDonald's. "Apparently, the Companys executives have chosen to discriminate, create a hostile work environment, and drive away creative, loyal, and talented employees; alienate the Companys core customers; and violate the law, all for the purpose of advancing a very narrow political and social agenda promoting, inter alia, sexualizing content provided to young children," the letter to Disney states. Disney has given about $55 million to Republicans, Democrats and political committees in the state over the past 28 years, including about $5 million in 2020 and more than $2 million so far in . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. The Florida Legislature passed the bill on Tuesday despite Disneys behind-the-scenes work. Christopher Palmeri. Iger has a two year contract. She was formerly an executive at global investment firm Carlyle. "The Board has concluded that as Disney embarks on an increasingly complex period of industry transformation, Bob Iger is uniquely situated to lead the company through this pivotal period," Susan Arnold, Disney's chairman, said in a prepared statement. Read about our approach to external linking. Photo by Marko Aliaksandr. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Mr. Iger has already taken decisive steps to realign content creation and distribution, and reposition Disneys streaming platforms and linear broadcast and cable networks for enhanced profitability for the Company. We want to hear from you! Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Susan Arnold Young, Education, Political Party, Movies. She worked almost 30 years at Procter & Gamble and also spent time in the world of private equity. Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. As a result, the board will be reduced to 11 members. The average tenure of the current Board is four years, with three directors serving fewer than two years, and in addition the Board is led by an independent chairman. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. 4. 2023 CNBC LLC. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. She had joined Procter & Gamble in 1980 and held several management and marketing positions before becoming the manager of Procter & Gamble's cosmetics business in Canada in 1990. Disney shares were relatively flat in after-hours trading. Parker, a Disney board director since 2016 and current executive chairman of Nike, will succeed Susan Arnold, a veteran business leader who is not standing for reelection due to . The Board does not endorse the Trian Group nominee, and recommends that shareholders not support its nominee, and instead vote FOR all the Companys nominees, Disney said. Wall Street applauded Iger's return. Hell be succeeded by Susan Arnold. Regarding your Wednesday newsletter on businesses cutting ties with Russia over its invasion of Ukraine: When it comes to a crunch, corporations are showing their commitment to preserving democracy and Western values, which cannot be readily quantified in monetary terms. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. On behalf of my fellow Board members and the entire Disney management team, I also want to thank Susan for her superb leadership as Chairman and for her tireless work over the past 15 years as an exemplary steward of the Disney brand., Said Mr. Parker: I am honored to have the opportunity to serve as Disneys Chairman, and I look forward to working closely with Bob and his management team on a strategy of growth that balances investment with profitability, while preserving Disneys core mission of creative excellence, to deliver shareholder value. The Board is nominating for re-election at the Companys Annual Meeting incumbent directors Mary T. Barra, Safra A. Catz, Amy L. Chang, Francis A. deSouza, Carolyn Everson, Michael B.G. 2023 FOX News Network, LLC. It therefore prefers to minimize the number of times it takes stands on hot-button social issues. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. Susan Arnold - Credit: dailyO. from 1999 to present. What's the least amount of exercise we can get away with? Earlier today, the Walt Disney Company Board of Directors elected Susan Arnold as Chairman of the Board. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. The entrance to Disney World in Orlando, Florida. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. That puts her well above the average tenure of directors at companies in the S&P 500 Index, which stands at nearly 8 years, according to executive search firm Spencer Stuart. 0. A conservative legal group set up by former Trump adviser Stephen Miller on Tuesday sent a letter to The Walt Disney Company Chair Susan Arnold accusing company executives of choosing to . 2020 Transaction Count/Amount. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica.
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