- Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. Disney is pushing critical race theory on employees through a new plan called "Reimagine Tomorrow," urging workers to recognize their . 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.. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. [2], She is an operating executive of The Carlyle Group, since September 2013. 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. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. The estimated Net Worth of Susan E Arnold is at least $5.99 Million dollars as of 2 June 2021. Walt Disney Co 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. Disney Names Susan Arnold Chairman as Iger Nears Departure Bob Iger return puts Disney on collision course with Ron DeSantis Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. She is a white, non hispanic female registered to vote in Broward County . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Susan Arnold Young, Education, Political Party, Movies - ABTC That fits with the direction Disney is headed in generally. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. Susan Arnold, who has been a Disney board member for 14 years and the independent lead director since 2018, will succeed Bob Iger as chairman of the board at the end of 2021. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? 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.. Sabado Domingo @SabadoD00554481. 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. "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. Parker's appointment is What science tells us about the afterlife. As Disney Board Chair, What Would You Advise CEO Bob Chapek Regarding This isnt just a Disney issue. Our Standards: The Thomson Reuters Trust Principles. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. susan e arnold political party - casparicreative.com Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. Advertisement. 0. Susan Arnold Profiles | Facebook That stands in contrast to Twitter, which on Monday elected read more Bret Taylor as its chairperson. Conservative legal group accuses Disney of violating civil rights Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. Your IP: The Walt Disney Company has had a long-term track record of financial and creative success, built on the ability to leverage its rich intellectual property and unparalleled storytelling across its many businesses, from theatrical, streaming and linear broadcast to parks and resorts, and one of the most resonant names in sports, ESPN. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. 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. The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. Download all contribution records for this person. December 2, 2021. AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. Consumers are turning to vote with their dollar.. Susan Arnold Named Chairman of the Board of the Walt Disney Company By subscribing, I agree to the Terms of Use and Privacy Policy. Disney shares were down 41 percent this year, as of November 9, with even the company's streaming platform Disney+, which remains hugely popular, reporting an operating loss of $1.47 billion. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. "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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Prior to that, she was Vice Chair of P&G Beauty and. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. It cited Igers track record in growing shareholder value as CEO and noted that the exec 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.. 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. The date of the Annual Meeting has not yet been announced. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. Among measures to be voted on, Trianon also wants Disney to amend its bylayws. Arnold thanked Chapek for leading the company through the pandemic. The entrance to Disney World in Orlando, Florida. Will the Marvel invincibility last? edit. 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. In some cases the restive employees are conservatives, not liberals. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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 . 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.". Disney executives had been working behind the scenes to head off Floridas Parental Rights in Education bill, which strongly constrains the teaching of sexual orientation and gender identity and which activist opponents call the Dont Say Gay bill. Susan Arnold will succeed Bob Iger as the next Disney chairman. 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. Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. The tensions seem to be intensifying. Disney gets it first female board chair in 98 years - Fast Company They targeted moderate . Arnold has been a member of Disneys board since 2007. Do you know this baby? "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. On Nov. 29, Twitter announced that Taylor would become its chairperson. Under him, the behemoth acquired Pixar . Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. Opinions expressed are those of the author. Disney has a progressive record on sexuality and gender. Term. Disneys chief executive, Bob Chapek, got a harsh introduction to the new reality of politicized business this week. Susan Arnold Named Disney Chairman After Bob Iger Departure - Variety There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. Legal Statement. 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 . it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Disney meets low bar with new chair | Reuters Disney Elects Susan Arnold Chairman of the Board of Directors Arnold has served as the panel . Its one thats bedeviling chief executives of prominent companies such as Google (Alphabet) and Nike. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. 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. Chairman of the Board. The Florida Legislature passed the bill on Tuesday despite Disneys behind-the-scenes work. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from the company. Read about our approach to external linking. She was formerly an executive at global investment firm Carlyle. While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. The industry leader for online information for tax, accounting and finance professionals. Language. That angers both sides, he said. 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. Susan E Arnold - LittleSis 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. When Disney Decided to Dump its CEO, the Change Happened Fast Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. It therefore prefers to minimize the number of times it takes stands on hot-button social issues. Disney reappoints ex-CEO Bob Iger as company head | khou.com Ant Man gets poor reviews. Neeru Paharia, an associate professor at Georgetown Universitys McDonough School of Business, said hanging back doesnt work. 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. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. 2023 KCRW All Rights Reserved. 2020 Transaction Count/Amount. There was talk of him serving as ambassador to China, but that never came to be. Disney appoints woman as chair for first time in 98-year history 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). [11][12] She was elected chair on December 31, 2021. Susan Arnold - Wikipedia Cloudflare Ray ID: 7a2f8c127fb98108 You can email the site owner to let them know you were blocked. Disneys in a big moment of transition. Disney Names Susan Arnold to Succeed Bob Iger as Chair of Board Thanks for contacting us. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. He now holds two big jobs that will split his attention. As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. In the vehicle market, certain brands (Subaru, Honda) appeal more to liberals and others (Ford, GMC) appeal more to conservatives, albeit without getting political themselves. One C.E.O. Bob Iger completes Disney takeover, outs Susan Arnold feat. Kamran Shes a 14-year board member, and her taking over for Iger is seen as a move of stability. 2023 FOX News Network, LLC. 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. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. 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. Gov. 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 her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. Susan Arnold, a veteran of consumer-products giant Procter & Gamble as well as the Carlyle Group investment firm, will take the reins as chairman of Walt Disney Co.'s board of directors . Iger back on top in a Disney plot twist that few saw coming Disney names Susan Arnold as its first woman chair | Reuters Read about our approach to external linking. Mr. Igers mandate is to use his two-year term and depth of experience in the industry to adapt the business model for the shifting media landscape, rebalancing investment with revenue opportunity while bringing a renewed focus on the creative talent that has made The Walt Disney Company the envy of the industry. 38/$4,515. Prior to 2007, she was Vice Chair of P&G Beauty and Health from 2006, Vice Chair of P&G Beauty from 2004 and President . DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. Disney appoints woman as chair for first time in 98-year history Susan Arnold from Tamarac, Florida | VoterRecords.com American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. A day later, the $250 billion Salesforce.com (CRM.N) promoted Taylor to co-chief executive. Physics is the law, everything else is a recommendation.. Susan E . susan arnold disney political party. Disney names Susan Arnold as board chair, replacing Bob Iger - CNBC 2023 NYP Holdings, Inc. All Rights Reserved, Disney may sell its 67% stake in Hulu to buy more Marvel rights: analyst, Critics slam woke live-action Peter Pan trailer, How the rich do Disney and its nothing like us commoners, Jude Law as Captain Hook in Peter Pan & Wendy triggers backlash. 4. 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 . Iger is set to step away from the role by the end of this year. At the time, Iger was observing Disney's performance as a shareholder, but he had no intention of returning. It's a woke world after all. Disney Elects Susan Arnold as Its First Woman Chair in 98 - Newsweek ', 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.

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