Disney Elects Susan Arnold Chairman of the Board of Directors 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. Hell be succeeded by Susan Arnold. Neeru Paharia, an associate professor at Georgetown Universitys McDonough School of Business, said hanging back doesnt work. It can decide to fight the addition of 1 qualified Board member, OR work together with Trian to create sustainable, long-term value at Disney., We believe that current investor sentiment on Disney is low, reflecting the hard truth that Disney is a company in crisis and faces many challenges that weigh on the Companys investment prospects., While we acknowledge that Disney, like many media companies, is undergoing a challenging pivot to streaming, we believe that many of the Companys current problems are self-inflicted and need to be addressed Trian believes that it is well positioned to facilitate positive change at Disney given our experience investing in and serving on the board of directors of blue-chip companies, and working collaboratively with management teams and boards to optimize corporate governance, strategy, operations and capital allocation., Mark Parker is an incredibly well-respected leader who over seven years as a Disney director has helped the Company effectively navigate through a time of unprecedented change, Arnold said. As part of the challenge, staffers learn about their white privilege and are asked to fill out a white privilege checklist, with choices such as: I am white, I am heterosexual, I am a man, I still identity as the gender I was born in, I have never been raped, I dont rely on public transportation, and I have never been called a terrorist., The company has recently shown a willingness to embrace the new ideology, adding content advisories to films such as Dumbo, Aladdin, and Fantasia.. They Were Secretly Conservative Spies. [7], On December 1, 2021,[10][3] Arnold was appointed to replace Bob Iger as chair of the board at The Walt Disney Company and became the first woman to be appointed to this position in the 98-year history of Disney. Thanks for contacting us. Susan Arnold named chairman of the board for Walt Disney Co. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Disney shares were relatively flat in after-hours trading. Chapek said he called DeSantis on Wednesday to express our disappointment and concern that if legislation becomes law, it could be used to unfairly target gay, lesbian, nonbinary and transgender kids and families.. - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. 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 . The Board of The Walt Disney Company has been continually refreshed, with a focus on directors whose industry experience is additive to the companys strategic priorities. but a. The tensions seem to be intensifying. Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. Photo by Marko Aliaksandr. Instead, they are often weaponized by one side or the other to further divide and inflame. 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. Bob Iger completes Disney takeover, outs Susan Arnold feat. Kamran "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. 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%. 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. Get this delivered to your inbox, and more info about our products and services. (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." 2023 FOX News Network, LLC. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. "Floridas HB 1557, also known as the Dont Say Gay bill, should never have passed and should never have been signed into law," the Disney statement said. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays. Send a note to coy-newsletter@nytimes.com. Chairman of the board Bob Iger leaves at the end of 2021. Disneys in a big moment of transition. Susan Arnold Named Chairman Of The Board Of The Walt Disney Company Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Susan Arnold from Tamarac, Florida | VoterRecords.com Christopher Palmeri. Arnold is bumping up against Disneys own corporate governance guidelines that state the board wont nominate for re-election any non-management director after completing 15 years of service. "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 2007," Mr Iger said. 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 . The best of what to see, hear, eat, do, and more. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. Got a confidential news tip? We've received your submission. The Walt Disney Company. Disney names Susan Arnold as board chair, replacing Bob Iger - CNBC They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Susan E. Arnold - The Walt Disney Company 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. Book Susan Arnold | Speakers Bureau | Booking Agent Info The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. Get the latest from KCRW in your inbox 3x a week. Disney has a new board chair, and she's a gay woman. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Disney names Susan Arnold chair of the board, replacing Iger Opinions expressed are those of the author. On Nov. 29, Twitter announced that Taylor would become its chairperson. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. You will be redirected back to your article in, Joe Biden Had Basal Cell Cancerous Tissue Removed From Chest, His Doctor Says, Spirit Awards: 'Everything Everywhere All At Once' Takes Best Feature, 6 Other Trophies; 'The Bear', Quinta Brunson Tops In TV - Full Winners List, Will Moviegoers Lend An Ear To Children Of The Corn Remake? He then joined Disney and became the CEO in 2005. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. 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. Its one thats bedeviling chief executives of prominent companies such as Google (Alphabet) and Nike. Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. 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 . Susan Arnold will succeed Bob Iger as the next Disney chairman. "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. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. The author discusses which mechanisms have proven particularly Arnold, Elden Elwood (1900-1978) also known as Elden E. Arnold of Britton, Marshall County, S.Dak. Are you going to stand up for them or not?. Disney has a progressive record on sexuality and gender. She's also been a director at McDonald's . (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 . When is Eurovision and how do you get tickets? Iger has been gradually removing himself from active . Get our latest storiesin the feed of your favorite networks. 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 . 2023 KCRW All Rights Reserved. Trust in Congress is decreasing. 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 wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. She has also served in senior roles at some of America's biggest companies. 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 . "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 reappoints ex-CEO Bob Iger as company head | khou.com 2020 Transaction Count/Amount. I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. Disney Faces Proxy Fight as Peltz Pushes to Join Board noted on a politically optimistic earnings call two days after the election, he supports closing tax . While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. Download all contribution records for this person. 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.". 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 . Will the Marvel invincibility last? By subscribing, I agree to the Terms of Use and Privacy Policy. 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 e arnold political party - casparicreative.com Susan E. Arnold. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. In February 2021, the research company Gartner did a survey of 3,000 workers that found 68 percent would consider quitting their current job and working with an organization with a stronger viewpoint on the social issues that matter most to them. Physics is the law, everything else is a recommendation.. 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. Contribution Totals. "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. There was talk of him serving as ambassador to China, but that never came to be. To a Spreadsheet or Other File Type. Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. See here for a complete list of exchanges and delays. See here for a complete list of exchanges and delays. Arnold thanked Chapek for leading the company through the pandemic. Susan Arnold Net Worth (2022) | wallmine During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. Consumers are turning to vote with their dollar.. 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. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. The Walt Disney Company has a big problem. Includes location, related records, political party, and more. 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. 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. 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 . Susan Arnold Named Disney Chairman After Bob Iger Departure - Variety When you wait too long, youll get penalized no matter what you do., Companies need to accept that they have become part of the political process, like it or not, Paharia said. She was an operating executive at The Carlyle Group until this year. #Disney #BobIger #BobChapek Bob Iger strenghtens his grip on Disney by ousting Susan Arnold as Chairman of the Board, install a cronie in her place . 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. The entrance to Disney World in Orlando, Florida. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. 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. Disney appoints woman as chair for first time in 98-year history Iger led Disney for 15 years before stepping down in 2020. . exercices corrigs maths terminale stmg pdf . The move takes . Disney's in a big moment of transition. Susan Arnold - Credit: dailyO. 1 He will be replaced by Susan Arnoldwho has been . Disney is not what it was when Bob Iger left. Does he have the magic But Chapek had resisted making a public statement despite entreaties from employee groups at Disney. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. She was an operating . 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. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . Mr Iger, who stepped down as Disney's chief executive in 2020 after 15 years in the role, will leave the company by the end of this month. Arnold, a 14-year member of the Disney Board who has served as its independent Lead Director since 2018, will succeed Robert A. Iger as Chairman of the Board when he departs the Company at the end . ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. Chairman of the Board. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. That fits with the direction Disney is headed in generally. Ron DeSantis' new Parental Rights in Education law because the company is dedicated to standing up for the rights and safety of the LGBTQ+ community. political party, a group of persons organized to acquire and exercise political power. edit. Susan Arnold - Wikidata 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. I can imagine one possible resolution: Companies openly embrace one side or another in the culture wars. AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). She is a white, non hispanic female registered to vote in Broward County . The Walt Disney Company has a big problem. Chairman of the board Bob Iger leaves at the end of 2021. Disney has a new board chair, and she's a gay woman | KCRW Changes at the top are disruptive and Disney is undergoing its own transformation. Susan E Arnold - LittleSis On Twitter one person compared the Florida bill to the Nuremberg race laws enacted in Nazi Germany. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. Susan Arnold is an American business executive and chairwoman of Walt Disney. Deadline is a part of Penske Media Corporation. 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 . Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. 2023 Deadline Hollywood, LLC. Arnold, who has sat on the Mouse House's board for 14 years and who has . View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. 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 . Iger back on top in a Disney plot twist that few saw coming They Seemed Like Democratic Activists. They Were Secretly Conservative 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. Anyone can read what you share. Disney Names Susan Arnold to Succeed Bob Iger as Chair of Board 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.