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Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. Susan Arnold is an American business executive and chairwoman of Walt Disney. Chairman of the board Bob Iger leaves at the end of 2021. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. 2023 Deadline Hollywood, LLC. Deadline is a part of Penske Media Corporation. Arnold is a 14-year member of the Disney . #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 . "The Street likes Mr. Iger almost as much . 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. That could mean the possibility of another change of the guard on Disneys board when she hits her term limit. She was formerly an executive at global investment firm Carlyle. When Bob Iger officially leaves Disney at the end of . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. 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.". His attempt to keep out of the spotlight had failed. Get this delivered to your inbox, and more info about our products and services. Susan Arnold - Credit: dailyO. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. They targeted moderate . Sign up for free newsletters and get more CNBC delivered to your inbox. But Chapek had resisted making a public statement despite entreaties from employee groups at Disney. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. 3 min read. "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. ", Gov. The industry leader for online information for tax, accounting and finance professionals. 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. 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. 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. 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. 93. In some cases the restive employees are conservatives, not liberals. Description. This isnt just a Disney issue. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. Opinions expressed are those of the author. On Twitter one person compared the Florida bill to the Nuremberg race laws enacted in Nazi Germany. 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. "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. What's the least amount of exercise we can get away with? Weve already seen that happen a bit. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Got a confidential news tip? The move takes . 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. She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. Disney. A day later, the $250 billion Salesforce.com (CRM.N) promoted Taylor to co-chief executive. The entrance to Disney World in Orlando, Florida. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . [4][5] In June 2022, she was recognized by the International Hospitality Institute on the Global 100 in Hospitality as one of the 100 Most Powerful People in Global Hospitality. There was talk of him serving as ambassador to China, but that never came to be. 0. Contribution Totals. James Smith. That it has taken so long to officially elect the former private equity executive as chairperson signals a bumpy process to clear a low bar. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. 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. While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. Arnold has served as the panel . political party, a group of persons organized to acquire and exercise political power. 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. By subscribing, I agree to the Terms of Use and Privacy Policy. Legal Statement. 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. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. That angers both sides, he said. "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. Philosopher. 42/$4,105. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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 . This website is using a security service to protect itself from online attacks. Our Standards: The Thomson Reuters Trust Principles. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Also known as. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. With the departure of Arnold . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The BBC is not responsible for the content of external sites. Ms. 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 of . Performance & security by Cloudflare. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. Harry: I always felt different to rest of family, Chris Rock talks Oscars slap in live Netflix show, Everything Everywhere wins big ahead of Oscars, PM to end asylum claims from small boat arrivals, US-made cheese can be called 'gruyere' - court, Mbappe breaks PSG goal record in win over Nantes. He then joined Disney and became the CEO in 2005. The Walt Disney Company has a big problem. [11][12] She was elected chair on December 31, 2021. Companies that take a stand quick and are first movers in the space are perceived as being more authentic, she said. Iger is set to step away from the role by the end of this year. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. 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. [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. "Having most recently served as independent Lead Director, Susan is the perfect choice for Chairman of the Board, and I am confident the Company is well-positioned for continued success under her guidance and leadership," Iger said in a statement. Jeannetta Arnette. Consumers are turning to vote with their dollar.. Advertisement. -. 4. Wall Street applauded Iger's return. She is a white, non hispanic female registered to vote in Broward County . Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. During his four decades at NIKE, Mark has led one of the worlds most recognized consumer brands through various market evolutions and a successful CEO transition, and he is uniquely positioned to chair the Disney Board during this period of transformation., Mark Parkers vision, incredible depth of experience and wise counsel have been invaluable to Disney, and I look forward to continuing working with him in his new role, along with our other directors, as we chart the future course for this amazing company, said Robert A. Iger, Chief Executive Officer, The Walt Disney Company. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. Iger struck a reassuring tone in his first email to staff on . 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. 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. "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. Earlier today, the Walt Disney Company Board of Directors elected Susan Arnold as Chairman of the Board. "[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. Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Susan E. Arnold, a 14-year member of the Walt Disney Co.'s board of directors, will take the helm as board chairman, effective 31, the company announced Wednesday. Shes a 14-year board member, and her taking over for Iger is seen as a move of stability. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. 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. Send a note to coy-newsletter@nytimes.com. Photo by Marko Aliaksandr. A backlash among Disney's senior executives grew to the point it reached the company's board. Arnold thanked Chapek for leading the company through the pandemic. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. 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? "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. The Florida Legislature passed the bill on Tuesday despite Disneys behind-the-scenes work. 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. 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. Theyre disappointed but theyre not mad on average., Kropp said he feels for corporate chiefs who are bogged down in the culture wars. View the profiles of people named Susan Arnold. 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. Hell be succeeded by Susan Arnold. But Disneys appointment could have been more thoughtful. Chairman of the Board. Arnold served as an operating executive at The . 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 served as president of the global business units of Procter & Gamble from 2007 to 2009 and was also a member of the board at McDonald's from 2008 to 2016. Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. Disney has a new board chair, and she's a gay woman. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . She is based in New York. Label. "Accordingly, management has placed the Companys assets, including its brand, reputation, and good will, at risk.". Now theres the possibility that he could own a sports team or take on another big public role. 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. His departure marks the end of an era. FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. Susan E . As a subscriber, you have 10 gift articles to give each month. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. Sabado Domingo @SabadoD00554481. Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. And so on. But that progressive record was no shield from criticism. 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. Picture taken July 24, 2021. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. "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. 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. The Walt Disney Company Board has continued to evolve to ensure it has the right combination of backgrounds, skill sets and perspectives to guide the Company into the future. The WSJ said Trian execs met with Disney brass, including Iger and CFO Christine McCarthy, Tuesday in an attempt to come to an agreement and avoid a proxy battle, and that Arnold called Peltz this morning to offer him a role as a board observer and ask him to sign a standstill agreement, which he declined. In 2016, the firm opened its first theme park and resort in mainland China. Disney employs many high-profile LGBTQ+ rights advocates both behind and in front of the camera, and its board is led by a gay woman, Susan Arnold, who succeeded Iger as chairman in December. You can email the site owner to let them know you were blocked. The date of the Annual Meeting has not yet been announced. 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. With the departure of Arnold, Disney's board will shrink to 11 . The best of what to see, hear, eat, do, and more. Photo by Marko Aliaksandr. 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. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. 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. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. Disney has a September fiscal year and usually issues its proxy statement which, among other things, lists the companys slate of directors up for election in January, and holds its shareholder meeting in March. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. December 2, 2021. [13] On January 11, 2023, Disney announced that Arnold would no longer serve as the board's chair after the next annual shareholder meeting and would be replaced by former Nike CEO Mark Parker.[14]. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. FAQ - New Privacy Policy, New York Posts Karol Markowicz discusses how Disney is pushing back against Floridas parental rights bill and how she is quitting the park on Fox Business Tonight., FIRST ON FOX: 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 "discriminate," "alienate the Companys core customers" and even "violate the law.". Since succession planning went awry last time, one thing Trian wants to make sure of is that Disney plans this next round well, according to the WSJ. 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. 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. 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. 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 . The article describes an environment in which some Disney employees allegedly found themselves "the target of scrutiny and likely termination" if they spoke out against Disney's political stances. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. 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 Global Personal Beauty Care and Global Feminine Care from 2002. Language. Dec. 1, 2021 Updated 2:18 PM PT. Arnold has served on the board of directors of The Walt Disney Company since 2007,[3] as well as the Carlyle portfolio investments company NBTY, The Nature's Bounty Co. She has also been a member of the Board of Directors of McDonald's Co. since 2008. 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. 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 . 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 . Powered and implemented byFactSet Digital Solutions. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. I can imagine one possible resolution: Companies openly embrace one side or another in the culture wars. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. Physics is the law, everything else is a recommendation.. All Rights Reserved. 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.. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Among measures to be voted on, Trianon also wants Disney to amend its bylayws. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. This story has been shared 123,414 times. [2], She is an operating executive of The Carlyle Group, since September 2013. Disney's in a big moment of transition. Arnold thanked Chapek for leading the company through the pandemic. As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. 2023 KCRW All Rights Reserved. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. 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. 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. 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. Title. At the time, Iger was observing Disney's performance as a shareholder, but he had no intention of returning. We've received your submission. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. Disney is pushing critical race theory on employees through a new plan called Reimagine Tomorrow, urging workers to recognize their white privilege, in a battery of training modules on topics such as systemic racism and white fragility, according to internal documents obtained by City-Journals Christopher Rufo. 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. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. "Our goal as a company is for this law to be repealed by the legislature or struck down in the courts, and we remain committed to supporting the national and state organizations working to achieve that. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. Susan Arnold Young, Education, Political Party, Movies. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in 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. 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. Quotes displayed in real-time or delayed by at least 15 minutes. 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. By Ryan Faughnder Staff Writer. A Division of NBCUniversal. Join Facebook to connect with Susan Arnold and others you may know. Do Not Sell or Share My Personal Information. exercices corrigs maths terminale stmg pdf . Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012.