Your IP: Theyre disappointed but theyre not mad on average., Kropp said he feels for corporate chiefs who are bogged down in the culture wars. Deadline is a part of Penske Media Corporation. Ant Man gets poor reviews. 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.. The Walt Disney Company has a big problem. A backlash among Disney's senior executives grew to the point it reached the company's board. 2018 Transaction Count/Amount. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. Predecessor. Sabado Domingo @SabadoD00554481. 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 . Market data provided byFactset. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. Disney's Susan Arnold Becomes the Company's First Female Board - CBR Disney Names Susan Arnold to Succeed Bob Iger as Chair of Board Disney appoints its first female board chair : NPR Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. Disney has a new board chair, and she's a gay woman | KCRW Disney catches it from all sides over Florida's 'don't say gay' bill Trust in Congress is decreasing. 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. 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. 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. 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. 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.. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). 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. Now theres the possibility that he could own a sports team or take on another big public role. We want to hear from you. Susan Arnold: After 98 years, Walt Disney gets first woman chair "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. Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. 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 . NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. Disney is not what it was when Bob Iger left. Does he have the magic All rights reserved. In 1999, she assumed global responsibility for Procter & Gamble's beauty business, thereby becoming the first woman to reach a president-level position in the company. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. 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 . At the time, Iger was observing Disney's performance as a shareholder, but he had no intention of returning. . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. Disney goes woke with new anti-racist agenda for employees Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. She was formerly an executive at global investment firm Carlyle. Disney names Susan Arnold as its first woman chair | Reuters Susan Arnold to succeed Bob Iger as Disney chairman - New York Post 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 . Christopher Palmeri. Disney gets it first female board chair in 98 years - Fast Company Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Disney reappoints ex-CEO Bob Iger as company head | khou.com He now holds two big jobs that will split his attention. Susan E . Susan Arnold - Credit: dailyO. The action you just performed triggered the security solution. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. In some cases the restive employees are conservatives, not liberals. See here for a complete list of exchanges and delays. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays. 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. 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. 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. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. 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. 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 . Mutual Fund and ETF data provided byRefinitiv Lipper. Join Facebook to connect with Susan Arnold and others you may know. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. 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. She was listed multiple times on the Forbes list of The World's Most Powerful Women and in 2005 she was #16 on Forbes' The World's 100 Most Powerful Women list. Legal Statement. 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. susan e arnold political party - casparicreative.com Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. There was talk of him serving as ambassador to China, but that never came to be. Susan E Arnold - LittleSis 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. Susan Arnold from Tamarac, Florida | VoterRecords.com American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. List of management of The Walt Disney Company 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. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. 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. #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 . Susan Arnold Biography. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. Susan Arnold - $10,118 in Political Contributions for 2004 Susan Arnold - Wikipedia 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 . She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. Susan Arnold Named Chairman of the Board of the Walt Disney Company When is Eurovision and how do you get tickets? Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. 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. Mr Iger's exit marks the end of an era for Disney, who has been in a senior role at the company since 1996. 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. This story has been shared 123,414 times. 67.227.155.73 Disney appoints woman as chair for first time in 98-year history 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. Iger is set to step away from the role by the end of this year. I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. 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.. To a Spreadsheet or Other File Type. Read about our approach to external linking. susan e arnold political party She retired from Procter & Gamble on September 1, 2009. Iger back on top in a Disney plot twist that few saw coming Arnold thanked Chapek for leading the company through the pandemic. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. "[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. Click to reveal The change will take effect after the company's annual shareholder meeting. But Disneys appointment could have been more thoughtful. Also known as. When Bob Iger officially leaves Disney at the end of . View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. 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. In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. 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. Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. Disney, faced with proxy fight, names former Nike CEO Mark Parker as 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 . 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. 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. Advertisement. Download all contribution records for this person. 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. Physics is the law, everything else is a recommendation.. Facebook gives people the power to. Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. asks James Heskett. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Powered and implemented byFactSet Digital Solutions. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Its been a tumultuous period for the company culminating in an abrupt CEO change in November as Bob Iger returned, taking the reins from Bob Chapek. A Division of NBCUniversal. Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. By subscribing, I agree to the Terms of Use and Privacy Policy. Sign up for free newsletters and get more CNBC delivered to your inbox. The move takes . "The Street likes Mr. Iger almost as much . It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China.