And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. Disney Faces Proxy Fight as Peltz Pushes to Join Board Advertisement. 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. Susan Arnold - Wikidata noted on a politically optimistic earnings call two days after the election, he supports closing tax . She is known for her involvement in several works by the entertainment giant company. We want to hear from you! 2023 CNBC LLC. Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. 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. The action you just performed triggered the security solution. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Susan Arnold Profiles | Facebook DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. "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. 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. American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. Thanks for contacting us. 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. Susan Arnold to Succeed Bob Iger as Disney Chairman 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. Disney Board Elects Susan Arnold to Replace Bob Iger - Investopedia Title. Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. 2018 Transaction Count/Amount. asks James Heskett. 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. "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. As a result, the board will be reduced to 11 members. 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.. Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. Jeannetta Arnette. Specialty Preview, Ozy Media Closes In Wake Of Founder Carlos Watson Scandal, TikTok Introduces New Feature To Limit Screen Time For Teens, Prolific Actor Dies At 61 After Aneurysm; Hollywood Reax + Career In Photos, Eyes $51M+ Opening In U.S., A Record For Rocky Spinoff Franchise & Amazon, SAG-AFTRA And Casting Directors Weigh In On Self-Tape Controversy, Oscar Winner Guillermo del Toro On The Films That Lit His Fuse. Susan Arnold Young, Education, Political Party, Movies - ABTC -. Susan Arnold: After 98 years, Walt Disney gets first woman chair You can email the site owner to let them know you were blocked. 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. 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. Susan Arnold . Mark Parker Named Disney Chairman, Susan Arnold Exits - Variety Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. Susan Arnold Named Disney Chairman After Bob Iger Departure - Variety susan e arnold political party Susan Arnold Biography. She has also served in senior roles at some of America's biggest companies. Mr. Parker will also chair a newly created Succession Planning Committee of the Board, which will advise the Board on CEO succession planning, including review of internal and external candidates. Term. 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. Have feedback? Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. The company made the announcement today. Sabado Domingo @SabadoD00554481. 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 . The move takes . 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 . All Rights Reserved. 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. The . The term party has since come to be applied to all organized groups seeking political power, whether . Susan Arnold Named Chairman Of The Board Of The Walt Disney Company In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. Description. 10. 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. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. Walt Disney Co. has named longtime board member Susan Arnold as its new chair to replace Bob Iger when he leaves the company at the . "As I step into this new role as chairman of the board, I look forward to continuing to serve the long-term interests of Disney's shareholders and working closely with CEO Bob Chapek as he builds upon the company's century-long legacy of creative excellence and innovation," Ms Arnold said in a statement. Now theres the possibility that he could own a sports team or take on another big public role. Susan Arnold Named Chairman of the Board of the Walt Disney Company FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. 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.. [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. 2020 Transaction Count/Amount. Philosopher. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The move comes as the company faces a proxy fight with an influential activist shareholder. 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. "[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. 2021-present. As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. He then joined Disney and became the CEO in 2005. She's also been a director at McDonald's . 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. In some cases the restive employees are conservatives, not liberals. Disney, faced with proxy fight, names former Nike CEO Mark Parker as Weve already seen that happen a bit. 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 . 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. 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. What's the least amount of exercise we can get away with? Gov. Arnold served as an operating executive at The . I interviewed Brian Kropp, chief of research in Gartners human resources practice. Christopher Palmeri. Read about our approach to external linking. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. susan e arnold political party 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. She was formerly an executive at global investment firm Carlyle. Susan Arnold to succeed Bob Iger as Disney chairman - New York Post 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. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. 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.". Legal Statement. A backlash among Disney's senior executives grew to the point it reached the company's board. 67.227.155.73 Disney. She was an operating . She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. Under Mr. Igers first tenure as CEO from September 2005 through February 2020, the Companys total shareholder return was 554%, which exceeded the S&P 500 total shareholder return of 244%. That angers both sides, he said. When Bob Iger officially leaves Disney at the end of . Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Iger struck a reassuring tone in his first email to staff on . [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]. Disney shares were relatively flat in after-hours trading. 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 . 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. 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. Changes at the top are disruptive and Disney is undergoing its own transformation. political party, a group of persons organized to acquire and exercise political power. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. But Chapek had resisted making a public statement despite entreaties from employee groups at Disney. I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. Susan Arnold (Q535362) Susan Arnold. She'll succeed Bob Iger, who stepped down as Disney CEO early last year. Who Is Disney Board Chair Susan Arnold? - TheStreet Signup for Breaking News Alerts & Newsletters. Disney CEO Apology: What Went Wrong With Messaging on "Don't - Insider "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. Susan E Arnold - LittleSis Photo by Marko Aliaksandr. "Mark Parker is an incredibly well-respected leader who over seven years. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. Susan Arnold - $10,118 in Political Contributions for 2004 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 . Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. In February 2021, the research company Gartner did a survey of 3,000 workers that found 68 percent would consider quitting their current job and working with an organization with a stronger viewpoint on the social issues that matter most to them. 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. 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. This story has been shared 123,414 times. 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. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. Susan Arnold is an American business executive and chairwoman of Walt Disney. Consumers are turning to vote with their dollar.. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. As Disney Board Chair, What Would You Advise CEO Bob Chapek Regarding The $260 billion media giant named Susan Arnold on Wednesday as . Disney appoints its first female board chair : NPR He'll be succeeded by 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. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. 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. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. Arnold thanked Chapek for leading the company through the pandemic. Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. "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. Do you know this baby? Disney faces proxy fight as Peltz pushes to join board 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. A day later, the $250 billion Salesforce.com (CRM.N) promoted Taylor to co-chief executive. Iger has a two year contract. Bob Iger return puts Disney on collision course with Ron DeSantis