Photo by Marko Aliaksandr. "Susan is an incredibly esteemed executive whose wealth of experience, unwavering integrity, and expert judgment have been invaluable to the Company since she first joined the Board in . The Company expects to file preliminary materials with respect to the 2023 Annual Meeting of Stockholders shortly and looks forward to communicating with its stockholders once definitive proxy materials are available. They are also able to put foward shareholder proposals. The move comes as the company faces a proxy fight with an influential activist shareholder. He said the worst possible move for a company is to take a position on a social issue but not follow through on it. from 1999 to present. Another activist investor, Dan Loeb, agitated last year for Disney to spin off or sell ESPN but backed off in September saying he had a better understanding of the assets value to the broader company. When Bob Iger officially leaves Disney at the end of . Do you know this baby? Joseph Prezioso/ZUMA Wire. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Susan Arnold Young, Education, Political Party, Movies. 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. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). American First Legal (AFL) senior counselor Reed Rubinstein argues in a letter written on behalf of "concerned shareholders and customers of" Disney that the company's management "may be" in violation of Title VII of the Civil Rights Act; Florida's Civil Rights Act; and California Labor Code sections 1101 and 1102. Get our latest storiesin the feed of your favorite networks. What science tells us about the afterlife. A Disney director for the past seven-years and Executive Chairman of Nike as well, he will succeed Susan E. Arnold, who will not stand for re-election as per the 15-year term limit under Disneys Board Tenure Policy. To a Spreadsheet or Other File Type. Dec. 1, 2021 Updated 2:18 PM PT. Arnold will begin her new role Dec. 31 . Subscribe to Deadline Breaking News Alerts and keep your inbox happy. James Smith. Companies that take a stand quick and are first movers in the space are perceived as being more authentic, she said. exercices corrigs maths terminale stmg pdf . Disney's in a big moment of transition. "[I]t seems the Companys executives are engaging in systemic discrimination against religious believers and creating a hostile work environment to silence them and/or drive them out of the Company; unlawfully favoring some individuals and discriminating against others with respect to the terms," the AFL letter states. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. Naked man claiming to have bomb causes 8-hour traffic jam Canadian teacher with size-Z prosthetic breasts placed on paid leave, Buster Murdaugh got 'very drunk' with dad 2 months after mom, brother murdered: source, I'm a professional cleaner ditch these 4 household products immediately, Tom Sandoval speaks out on Raquel Leviss affair: I deserve your anger, Shoeless Ariana Madix awkwardly tries to avoid cheating Tom Sandoval, Prince Harry was scared to lose Meghan Markle after fight that led to therapy, Memphis Grizzlies star Ja Morant allegedly flashes gun at a strip club, Tom Sizemore And The Dangerous Burden of Desperation, Ariana Madix, Tom Sandoval have awkward moment amid cheating scandal. The move takes . Susan Arnold will succeed Bob Iger as the next Disney chairman. When Bob Iger officially leaves Disney at the end of the year, hell be succeeded by Susan Arnold, the first woman and first openly gay person to lead the Disney board of directors. Physics is the law, everything else is a recommendation.. Arnold thanked Chapek for leading the company through the pandemic. 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. edit. Susan Arnold is an American business executive and chairwoman of Walt Disney. In one anti-racism training course, called Allyship for Race Consciousness, workers are taught that the US has a long history of systemic racism and transphobia and told they must take ownership of educating yourself about structural anti-black racism. It states that "classroom instruction by school personnel or third parties on sexual orientation or gender identity may not occur in kindergarten through grade 3 or in a manner that is not age appropriate or developmentally appropriate for students in accordance with state standards.". NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. Disney has a progressive record on sexuality and gender. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. The Walt Disney Co. has named board member Susan Arnold chairman, replacing Bob Iger when he steps down at the end of the year.. Arnold is a 14-year member of the Disney (NYSE: DIS) board who has . See here for a complete list of exchanges and delays. https://www.nytimes.com/2022/03/11/opinion/disney-florida-lgbtq.html, Illustration by The New York Times; Photography by johnnylemonseed, and OpThailand via Getty Images. 38/$4,515. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Its self-hatred, Rufo said Friday on Fox News Tucker Carlson Tonight., A Disney spokesperson told The Post Saturday that the internal documents are being deliberately distorted as reflective of company policy., In fact their purpose was to allow diversity of thought and discussion on the incredibly complex and challenging issues of race and discrimination that we as a society and companies nationwide are facing, the company said, noting its long history of inclusivity with stories that reflect acceptance and tolerance and celebrate peoples differences.. The Walt Disney Company. Sign up for free newsletters and get more CNBC delivered to your inbox. She's also been a director at McDonald's . I interviewed Brian Kropp, chief of research in Gartners human resources practice. The Walt Disney Company 's board of directors has named Susan Arnold, a 14-year member of the board, as its new chair, succeeding the outgoing Bob Iger. December 2, 2021. This is a list of The Walt Disney Company's Executive Management Team, both present and historical. Photo by Marko Aliaksandr. Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. . 2023 KCRW All Rights Reserved. Advertisement. Instead, they are often weaponized by one side or the other to further divide and inflame. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Disney shares were relatively flat in after-hours trading. With the departure of Arnold . Igers transition from boss and chairperson has been in the works at least since February 2020, when Chapek replaced Iger as chief executive. Tom Cruise and Steven Spielberg reconcile at Oscars luncheon, Disneys Bob Iger open to selling Hulu, plans exit in two years, Adam Scott, Lee Edward Colston II, and Sandy King Carpenter on The Treat, Wintering and enchantment: A pathway to healing and happiness, Born of persecution, Parsi cooking melds Persian and Indian cuisines, Playwright and actor Lee Edward Colston II on the beauty of a Black audience. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. There was talk of him serving as ambassador to China, but that never came to be. These actions provide hope that the concept of an enlightened capitalism exists and has evolved in the subconscious of corporate leaders, who have responded collectively for the common welfare in a time of crisis. It's a movement. "The Street likes Mr. Iger almost as much . Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. susan arnold disney political party. Walt Disney Co. has named longtime board member Susan Arnold as its new chair to replace Bob Iger when he leaves the company at the . Susan Arnold will replace Bob Iger, according to the Burbank, California-based entertainment giant.When she assumes the role on December 31, she will become the first woman to chair Disney's . The Walt Disney Company has a big problem. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. Read about our approach to external linking. Where he heads next is still an open question. I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. His departure marks the end of an era. (Unsplash/Brian McGowan) Early in 2022, Bob Chapek, CEO of The Walt Disney Companyone of Florida's largest employers with roughly 80,000 employeesand taxpayers, had reason to be satisfied with the company's performance, having just . The company made the announcement today. The $260 billion media giant named Susan Arnold on Wednesday as . Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. But Chapek had resisted making a public statement despite entreaties from employee groups at Disney. Arnold thanked Chapek for leading the company through the pandemic. Susan Arnold - Credit: dailyO. Under Mr. Igers first tenure as CEO from September 2005 through February 2020, the Companys total shareholder return was 554%, which exceeded the S&P 500 total shareholder return of 244%. She is a white, non hispanic female registered to vote in Broward County . Jeannetta Arnette. ", Gov. It has featured gay and lesbian characters in its productions and the chair of its board of directors, Susan Arnold, is one of the highest-ranking women in corporate America who is openly lesbian. The great irony of this is that the people who are in charge of Disney are some of the richest and most powerful and privileged white males in the history of humanity and they are pushing this divisive, critical race theory based ideology as corporate dogma and the only end of this is division. He'll be succeeded by Susan Arnold. The Florida Legislature passed the bill on Tuesday despite Disneys behind-the-scenes work. 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. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. What's the least amount of exercise we can get away with? And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. Sabado Domingo @SabadoD00554481. Description. Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays. Susan E. Arnold Bob Iger John S. Chen Judith L. Estrin Fred H. Langhammer Aylwin B. Lewis Monica C. Lozano Robert W. Matschullat Sheryl K. Sandberg Orin C. Smith Susan Arnold - Chairwoman Bob Iger -CEO James A. Rasulo - Senior Executive Vice President and CFO Alan N. Braverman - Senior . Walt Disney has named a new chairman of the board, and indicated its also in for a proxy fight as Nelson Peltz Trian Group seeks a directors seat for the activist investor in opposition to the companys slate. By subscribing, I agree to the Terms of Use and Privacy Policy. DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. Label. I attended several [training sessions] at the beginning just to see what the temperature of the discussion would be and to gauge if I would be able to bring up my own objections in a safe waysafe meaning for my career. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. 1 He will be replaced by Susan Arnoldwho has been . Gov. A backlash among Disney's senior executives grew to the point it reached the company's board. She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). By Ryan Faughnder Staff Writer. At the same time, it is the top priority of mine and the Boards to identify and prepare a successful CEO successor, and that process has already begun.. Disney recommends its staffers hit the books, suggesting one essay that encourages parents to commit to raising race-consciousness in children and which teaches that even babies discriminate against members of other races. 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 . ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. Chairman of the board Bob Iger leaves at the end of 2021. 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 . Disneys in a big moment of transition. Susan Arnold Biography. Facebook gives people the power to. Walt Disney Co. named former Carlyle Group and Procter & Gamble Co. executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced . 2021-present. She has also served in senior roles at some of America's biggest companies. Susan Arnold will succeed Bob Iger as the next Disney chairman. The Fair Political Practices Commission is looking at whether former Gov. 2023 BBC. 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. As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. Arnold is a 14-year member of the Disney . Its been very stifling to feel like everyone keeps talking about having open dialogue and compassionate conversations, but when it comes down to it, I know if I said one thing that was truthful, based on data, or even just based on my own personal experience, it would actually be rather unwelcomed, the person continued. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. 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. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. Ms. Arnold owns over 8,400 units of Walt Disney Co stock worth over $4,102,492 and over the last 19 years she sold DIS stock worth over $1,493,100. You can email the site owner to let them know you were blocked. And Ive continually gotten the unspoken answer: no, the employee told the outlet. On Wednesday, Chapek made his first public statement against the bill at the companys annual shareholder meeting, which was dominated by talk of Dont Say Gay rather than the companys (strong) financial condition. "The Board of Directors has a fiduciary obligation to ensure it fulfills its duty of oversight, and should provide answers to its shareholders without delay. This isnt just a Disney issue. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. Arnold served as an operating executive at The . Iger struck a reassuring tone in his first email to staff on . As a result, the board will be reduced to 11 members. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. The financial risk to Disney, according to the legal group, includes potentially driving away employees and customers as well as the potential risk of litigation costs if there is probable cause the company broke the law. She was an operating executive at The Carlyle Group until this year. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Got a confidential news tip? Send a note to coy-newsletter@nytimes.com. She retired from Procter & Gamble on September 1, 2009. Trust in Congress is decreasing. BURBANK, Calif., December 1, 2021The Walt Disney Company (NYSE: DIS) Board of Directors announced that it has elected Susan E. Arnold as Chairman of the Board, effective December 31, 2021. Chapek also engaged in a public battle with "Black Widow" star Scarlett Johansson, who sued the company over "breach of contract" after it decided to release the Marvel film on Disney+ the same day it hit theaters.Johansson and Disney eventually settled.. More recently, Chapek found himself in the political crossfire of Florida Governor Ron DeSantis, who revoked the company's special tax . Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. 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. The . Trian Partners L.P. and Trian Partners Parallel Fund I, L.P., wholly owned subsidiaries of Trian Fund Management, L.P., along with other entities affiliated with Nelson Peltz (collectively, the Trian Group), have nominated Nelson Peltz for election as director at the Annual Meeting in opposition to the nominees recommended by the Board, and brought a proposal to amend Disneys Bylaws. Disney is replacing Bob Iger, who will soon wrap up his decades-long tenure at the company, with Susan Arnold as chairman of the board. The Walt Disney Company has a big problem. Consumers are turning to vote with their dollar.. View the profiles of people named Susan Arnold. Parker's appointment is Deadline is a part of Penske Media Corporation. We want to hear from you! (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images), GET FOX BUSINESS ON THE GO BY CLICKING HERE, Nothing in the Florida legislation itself mentions the word "gay." noted on a politically optimistic earnings call two days after the election, he supports closing tax . "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," said Susan Arnold, Disney's chairman (who will keep that title), in a written statement. Arnold has served as the panel . Chairman of the Board. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. While senior leadership of The Walt Disney Company and its Board of Directors have engaged with Mr. Peltz numerous times over the last few months, 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 (noted above). Mr Iger's exit marks the end of an era for Disney, who has been in a senior role at the company since 1996. ', Last edited on 16 February 2023, at 11:27, "Susan E Arnold, Walt Disney Co: Profile and Biography - Bloomberg Markets", "Susan Arnold Named Chairman of the Board of The Walt Disney Company, Effective December 31", "The Walt Disney Company - Susan Arnold Biography", "Susan Arnold, The Most Powerful Women - Forbes.com", "The Walt Disney Company - News from the Disney Board - May 01, 2007", "Dr Jeffrey Obomeghie and Dupe Olusola among the 100 most powerful people in global hospitality", "Disney names Susan Arnold as board chair, replacing Bob Iger", "Disney appoints woman as chair for first time in 98-year history", "Susan Arnold: After 98 years, Walt Disney gets first woman chair", "Disney Appoints Mark Parker As Chairman of the Board, Replacing Susan Arnold", https://en.wikipedia.org/w/index.php?title=Susan_Arnold&oldid=1139689950, This page was last edited on 16 February 2023, at 11:27. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. She is based in New York. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. 10. Download all contribution records for this person. He now holds two big jobs that will split his attention. "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. 2018 Transaction Count/Amount. A Division of NBCUniversal. Disney has named board member Mark Parker, Nike's executive chairman, as its new chairman of the board, succeeding Susan Arnold, the company announced Wednesday. The C.E.O.s who say something but then follow it up with a real resource commitment and explain why theyre doing it employees that agree are engaged and excited, Kropp said. All Rights Reserved. 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. 4. 2020 Transaction Count/Amount. Former CEO and current chairman of The Walt Disney Company ( DIS) board Bob Iger is stepping down from his role at the end of this month. Iger is set to step away from the role by the end of this year. "The decision of The Walt Disney Corporation to promote the introduction of age-inappropriate sexual material in kindergarten classrooms, including radical gender ideology, and to fight the democratically-elected government of Florida in order to achieve this end, jeopardizes the financial future of the company and its shareholders in service of an extreme political agenda," AFL President Miller told FOX Business. Several other Disney executives have announced plans to leave by the end of this year, including studios head Alan Horn, president and chief creative officer of Disney Branded Television Gary Marsh and company general counsel Alan Braverman. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. Iger, a former weatherman, joined the TV broadcast network ABC in 1974, where he developed iconic American TV shows, such as "America's Funniest Home Videos" and "Home Improvement," and helped in creating "Who Wants to Be a Millionaire.". Warner Bros. golden ticket: Will they make new Lord of the Rings films? Susan Arnold . The far-left turn by the house of Mickey Mouse has led to sky-high tensions, but staffers are terrified about speaking out against the ideology, multiple employees told City-Journal. A Disney director for the past seven-years and Executive Chairman of Nike as well, he will succeed Susan E. Arnold, who will not stand for re-election as per the 15-year term limit under . [11][12] She was elected chair on December 31, 2021. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. In some cases the restive employees are conservatives, not liberals. In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. All rights reserved. Iger has a two year contract. "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. Arnold has been a member of Disneys board since 2007.
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