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. Picture taken July 24, 2021. edit. 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 move comes as the company faces a proxy fight with an influential activist shareholder. He then joined Disney and became the CEO in 2005. #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 . 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. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. 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. Susan Arnold Young, Education, Political Party, Movies. All quotes delayed a minimum of 15 minutes. A Division of NBCUniversal. 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. 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 Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. Parker, who also serves as executive chairman at Nike Inc., succeeds Susan Arnold, who won't stand for re-election due to Disney's 15-year term limit requirements. Bob Iger (2012-2021) Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company . Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. 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. Currently, Susan E. Arnold is Chairman at The Walt Disney Co. Betty Arnold (Democratic Party) is a member of the Kansas State Board of Education, representing District 8.Arnold assumed office on January 12, 2021. Disney has a progressive record on sexuality and gender. There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. By Prince Akoenyenu November 21, 2022. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. The . Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. See here for a complete list of exchanges and delays. Susan Arnold (Q535362) Susan Arnold. While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. Sign up for free newsletters and get more CNBC delivered to your inbox. That fits with the direction Disney is headed in generally. The Walt Disney Company announced Wednesday that it has elected Susan Arnold to be its next chairman of the board, making her the first woman to helm the corporation in its 98-year history. 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. 93. One C.E.O. Susan Arnold - Credit: dailyO. Susan Arnold will succeed Bob Iger as the next Disney chairman. 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. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. 2021-present. The tensions seem to be intensifying. 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. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. [11][12] She was elected chair on December 31, 2021. Yes, even on a piece of state legislation that did not directly involve Disney. As a subscriber, you have 10 gift articles to give each month. As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. 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. But Disneys appointment could have been more thoughtful. 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). They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. There was talk of him serving as ambassador to China, but that never came to be. Read about our approach to external linking. The Walt Disney Company has a big problem. Anyone can read what you share. 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. This website is using a security service to protect itself from online attacks. She is a white, non hispanic female registered to vote in Broward County . That angers both sides, he said. Chairman of the board Bob Iger leaves at the end of 2021. Have feedback? Susan Arnold will succeed Bob Iger as the next Disney chairman. By subscribing, I agree to the Terms of Use and Privacy Policy. Susan Arnold is an American business executive and chairwoman of Walt Disney. 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. The entrance to Disney World in Orlando, Florida. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Warner Bros. golden ticket: Will they make new Lord of the Rings films? That stands in contrast to Twitter, which on Monday elected read more Bret Taylor as its chairperson. "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. Where he heads next is still an open question. She was formerly an executive at global investment firm Carlyle. Chairwoman. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. All Rights Reserved. "[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. Send us a tip using our annonymous form. His departure marks the end of an era. On Twitter one person compared the Florida bill to the Nuremberg race laws enacted in Nazi Germany. 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. Advertisement. 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 bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. The companys market capitalization grew nearly fivefold during his tenure from $48 billion to over $230 billion. Mr. Parker served as NIKEs Chairman and CEO until 2020, when he became Executive Chairman. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. Disney shares were relatively flat in after-hours trading. Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. Deadline is a part of Penske Media Corporation. All rights reserved. Disney has a new board chair, and she's a gay woman. Cloudflare Ray ID: 7a2f8c127fb98108 political party, a group of persons organized to acquire and exercise political power. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. "We believe there is little doubt that investors will applaud this move," wrote Citi analyst Jason Bazinet. The company made the announcement today. (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." The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. This material may not be published, broadcast, rewritten, or redistributed. Disney has named board member Mark Parker its new chairman, succeeding Susan Arnold. 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. 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. 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. 42/$4,105. They are also able to put foward shareholder proposals. Jeannetta Arnette. 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. She worked almost 30 years at Procter & Gamble and also spent time in the world of private equity. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. 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. 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. 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. [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. . According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. . Get our latest storiesin the feed of your favorite networks. Weve already seen that happen a bit. 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. 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. Susan E. Arnold. Arnold thanked Chapek for leading the company through the pandemic. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. 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 . Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. To a Spreadsheet or Other File Type. 67.227.155.73 Those that disagree might be mad at you, but if you explain the decision-making process, their engagement levels dont fall. Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. "The Street likes Mr. Iger almost as much . Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. 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.. All Rights Reserved. Also known as. Gov. 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 . 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. Arnold has been a member of Disneys board since 2007. Arnold served as an operating executive at The . Walt Disney Co. has announced that Susan E. Arnold will succeed Robert Iger as chairman of the board, the first time a woman has held the position at the company, effective December 31st. 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. 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. Chairman of the board Bob Iger leaves at the end of 2021. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. The Fair Political Practices Commission is looking at whether former Gov. View the profiles of people named Susan Arnold. 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. Disney's in a big moment of transition. exercices corrigs maths terminale stmg pdf . She is known for her involvement in several works by the entertainment giant company. What's the least amount of exercise we can get away with? Arnold, who has sat on the Mouse House's board for 14 years and who has . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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 has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). 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. He said the worst possible move for a company is to take a position on a social issue but not follow through on it. "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. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. The estimated Net Worth of Susan E Arnold is at least $5.99 Million dollars as of 2 June 2021. Will the Marvel invincibility last? The move takes . 2023 FOX News Network, LLC. 4. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. Iger led Disney for 15 years before stepping down in 2020. . 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. A backlash among Disney's senior executives grew to the point it reached the company's board. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. Parker, a Disney board director since 2016 and current executive chairman of Nike, will succeed Susan Arnold, a veteran business leader who is not standing for reelection due to . What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. The Florida Legislature passed the bill on Tuesday despite Disneys behind-the-scenes work. Legal Statement. Sabado Domingo @SabadoD00554481. 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. Susan Arnold had been named as chairperson of the board of the Walt Disney Company - Get Free Report replacing Robert Iger, effective December 31, 2021. What science tells us about the afterlife. Click to reveal 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. 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. Political parties originated in their modern form in Europe and the United States in the 19th century, along with the electoral and parliamentary systems, whose development reflects the evolution of parties. We want to hear from you. The industry leader for online information for tax, accounting and finance professionals. It's a movement. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. December 2, 2021. 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. 2023 Deadline Hollywood, LLC. 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. Arnold thanked Chapek for leading the company through the pandemic. Description. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. The Walt Disney Company has appointed its first female chairperson to its board of directors.. Disney confirmed that as of Dec. 31, Susan Arnold will take over for former CEO Bob Iger as chairman of the board. While Iger came from a creative background, thats not the case with Arnold. 3 min read. 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. Consumers as well as employees have gotten used to thinking of companies as political players, she said: The traditional political process may be seen as less efficacious. On Monday, Chapek sent a memo to Disney employees stating his case for quiet diplomacy. "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. Arnold thanked Chapek for leading the company through the pandemic. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. Her appointment comes as large companies are moving away from management structures where the chief executive and chairperson roles are held by the same person after pressure from corporate governance experts, investors and, in some cases, regulators to separate the two key positions. Are you going to stand up for them or not?. Parker, who also serves as executive chairman at Nike Inc., succeeds Susan Arnold, who won't stand for re-election due to Disney's 15-year term limit requirements. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Physics is the law, everything else is a recommendation.. but a. She's also been a director at McDonald's . 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. In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. 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. Includes location, related records, political party, and more. Photo by Marko Aliaksandr. 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.. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. 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. Changes at the top are disruptive and Disney is undergoing its own transformation. 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. And Ive continually gotten the unspoken answer: no, the employee told the outlet. Download all contribution records for this person. It therefore prefers to minimize the number of times it takes stands on hot-button social issues. Now theres the possibility that he could own a sports team or take on another big public role. Arnold will begin her new role Dec. 31 . (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Do Not Sell or Share My Personal Information. 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 . (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 . ', 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.