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2023 Deadline Hollywood, LLC. The C.E.O.s who say something but then follow it up with a real resource commitment and explain why theyre doing it employees that agree are engaged and excited, Kropp said. told me, If we get involved in everything our employees want to get involved in, that would become my full-time job. On the other hand, Kropp said: Youve got a set of values. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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 . Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Wall Street applauded Iger's return. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. "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. The Walt Disney Company has a big problem. Signup for Breaking News Alerts & Newsletters. 2023 CNBC LLC. -. While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. Susan Arnold . Have feedback? The Walt Disney Company. Neeru Paharia, an associate professor at Georgetown Universitys McDonough School of Business, said hanging back doesnt work. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. Language. 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. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. Susan Arnold (Q535362) Susan Arnold. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. 0. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. 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. Physics is the law, everything else is a recommendation.. Consumers are turning to vote with their dollar.. from 1999 to present. Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. Ant Man gets poor reviews. Changes at the top are disruptive and Disney is undergoing its own transformation. But it keeps getting dragged into politics, often by employees who tend to be liberal and want the company to reflect their values. "The Street likes Mr. Iger almost as much . Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. 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. That angers both sides, he said. That fits with the direction Disney is headed in generally. On Twitter one person compared the Florida bill to the Nuremberg race laws enacted in Nazi Germany. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. 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 more a company does, the more it is expected to do. There was talk of him serving as ambassador to China, but that never came to be. 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. Under him, the behemoth acquired Pixar . I can imagine one possible resolution: Companies openly embrace one side or another in the culture wars. The date of the Annual Meeting has not yet been announced. 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. [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. Predecessor. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. susan arnold disney political party. Susan Arnold Young, Education, Political Party, Movies. The term party has since come to be applied to all organized groups seeking political power, whether . 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. ', 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. 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. 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 . Do you know this baby? By subscribing, I agree to the Terms of Use and Privacy Policy. Got a confidential news tip? Download all contribution records for this person. Tom Cruise and Steven Spielberg reconcile at Oscars luncheon, Disneys Bob Iger open to selling Hulu, plans exit in two years, Adam Scott, Lee Edward Colston II, and Sandy King Carpenter on The Treat, Wintering and enchantment: A pathway to healing and happiness, Born of persecution, Parsi cooking melds Persian and Indian cuisines, Playwright and actor Lee Edward Colston II on the beauty of a Black audience. In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. 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 . Get this delivered to your inbox, and more info about our products and services. 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. Sabado Domingo @SabadoD00554481. Naked man claiming to have bomb causes 8-hour traffic jam Canadian teacher with size-Z prosthetic breasts placed on paid leave, Buster Murdaugh got 'very drunk' with dad 2 months after mom, brother murdered: source, I'm a professional cleaner ditch these 4 household products immediately, Tom Sandoval speaks out on Raquel Leviss affair: I deserve your anger, Shoeless Ariana Madix awkwardly tries to avoid cheating Tom Sandoval, Prince Harry was scared to lose Meghan Markle after fight that led to therapy, Memphis Grizzlies star Ja Morant allegedly flashes gun at a strip club, Tom Sizemore And The Dangerous Burden of Desperation, Ariana Madix, Tom Sandoval have awkward moment amid cheating scandal. 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. But mammoth companies like Disney arent usually ready to give up on any part of their customer base, so the stresses of political involvement are likely to continue. 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. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. Hell be succeeded by Susan Arnold. 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. Get the latest from KCRW in your inbox 3x a week. Susan E. Arnold. 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. 2018 Transaction Count/Amount. Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. 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. Chairwoman. James Smith. The Board of The Walt Disney Company has been continually refreshed, with a focus on directors whose industry experience is additive to the companys strategic priorities. But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. To a Spreadsheet or Other File Type. 4. [11][12] She was elected chair on December 31, 2021. Mutual Fund and ETF data provided byRefinitiv Lipper. According to Forbes, Susan Arnold got her start as a brand assistant on the Dawn/Ivory Snow Group. 38/$4,515. 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. She retired from Procter & Gamble on September 1, 2009. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. 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. Facebook gives people the power to. 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 . They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. The company made the announcement today. In some cases the restive employees are conservatives, not liberals. Thanks for contacting us. Sign up for free newsletters and get more CNBC delivered to your inbox. As a result, the board will be reduced to 11 members. 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. 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. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . And so on. Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. Term. 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. When Bob Iger officially leaves Disney at the end of . 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. If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. Disney has a progressive record on sexuality and gender. Susan E. Arnold graduated from the University of Pennsylvania with a Bachelor of Arts degree, and from the University of Pittsburgh with a Master of Business Administration degree. 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 . Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. Those that disagree might be mad at you, but if you explain the decision-making process, their engagement levels dont fall. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays. "[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. 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 . A Division of NBCUniversal. View the profiles of people named Susan Arnold. 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. While Iger came from a creative background, thats not the case with Arnold. Dec. 1, 2021 Updated 2:18 PM PT. AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. 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. I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. It's a woke world after all. Theyre disappointed but theyre not mad on average., Kropp said he feels for corporate chiefs who are bogged down in the culture wars. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. Arnold thanked Chapek for leading the company through the pandemic. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. Description. Market data provided byFactset. Opinions expressed are those of the author. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. Disneys in a big moment of transition. "Susan is an incredibly esteemed executive whose wealth of experience, unwavering integrity, and expert judgment have been invaluable to the company since she first joined the Board in 2007," Mr Iger 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.". "Susan is an incredibly esteemed executive whose wealth of experience, unwavering integrity, and expert judgment have been invaluable to the Company since she first joined the Board in . Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. Chapek said he called DeSantis on Wednesday to express our disappointment and concern that if legislation becomes law, it could be used to unfairly target gay, lesbian, nonbinary and transgender kids and families.. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. 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%. Arnold, who has sat on the Mouse House's board for 14 years and who has . 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.. Legal Statement. Iger has a two year contract. As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. political party, a group of persons organized to acquire and exercise political power. 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. Advertisement. [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. Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. Weve already seen that happen a bit. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. Prior to that, she was Vice Chair of P&G Beauty and. noted on a politically optimistic earnings call two days after the election, he supports closing tax . 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. Yes, even on a piece of state legislation that did not directly involve Disney. Arnold is a 14-year member of the Disney . 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 . 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 . On Nov. 29, Twitter announced that Taylor would become its chairperson. 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.". Jeannetta Arnette. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 2023 KCRW All Rights Reserved. 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. Your IP: 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. Arnold thanked Chapek for leading the company through the pandemic. "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. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. Also known as. I interviewed Brian Kropp, chief of research in Gartners human resources practice. American First Legal (AFL) senior counselor Reed Rubinstein argues in a letter written on behalf of "concerned shareholders and customers of" Disney that the company's management "may be" in violation of Title VII of the Civil Rights Act; Florida's Civil Rights Act; and California Labor Code sections 1101 and 1102. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. Disney's in a big moment of transition. Ms. Arnold has been a Director of the Company since 2007 and was elected as Chairman of the Board as of December 31, 2021. Disney has a new board chair, and she's a gay woman. She is known for her involvement in several works by the entertainment giant company. It's a movement. She has stepped back from her private equity job, which is a step better than Twitter (TWTR.N). What science tells us about the afterlife. You can email the site owner to let them know you were blocked. "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.

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