Yes, even on a piece of state legislation that did not directly involve Disney. Label. Facebook gives people the power to. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. It's a movement. Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. To a Spreadsheet or Other File Type. She was formerly an executive at global investment firm Carlyle. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. 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. Get this delivered to your inbox, and more info about our products and services. Theyre disappointed but theyre not mad on average., Kropp said he feels for corporate chiefs who are bogged down in the culture wars. Warner Bros. golden ticket: Will they make new Lord of the Rings films? With the departure of Arnold . There was talk of him serving as ambassador to China, but that never came to be. Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. Christopher Palmeri. There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. Will the Marvel invincibility last? Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. The Walt Disney Company. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. Opinions expressed are those of the author. 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. exercices corrigs maths terminale stmg pdf . Those that disagree might be mad at you, but if you explain the decision-making process, their engagement levels dont fall. 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. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. 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. 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. We want to hear from you! Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney board. political party, a group of persons organized to acquire and exercise political power. 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. 2023 Deadline Hollywood, LLC. FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. "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. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. And Ive continually gotten the unspoken answer: no, the employee told the outlet. Susan Arnold Biography. That angers both sides, he said. Anyone can read what you share. Iger has a two year contract. 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. Are you going to stand up for them or not?. Shes a 14-year board member, and her taking over for Iger is seen as a move of stability. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. Arnold thanked Chapek for leading the company through the pandemic. As a subscriber, you have 10 gift articles to give each month. He now holds two big jobs that will split his attention. Susan Arnold (Q535362) Susan Arnold. 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 . Igers transition from boss and chairperson has been in the works at least since February 2020, when Chapek replaced Iger as chief executive. The $260 billion media giant named Susan Arnold on Wednesday as . It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. Arnold will begin her new role Dec. 31 . As a result, the board will be reduced to 11 members. The date of the Annual Meeting has not yet been announced. I interviewed Brian Kropp, chief of research in Gartners human resources practice. In 2004 and 2005, she was listed on the Wall Street Journal's 50 Women to Watch. 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 . [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]. "The Street likes Mr. Iger almost as much . Read about our approach to external linking. 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. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. 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. This is a list of The Walt Disney Company's Executive Management Team, both present and historical. Iger has been key in making Disney into a social media powerhouse through acquisitions and content plays. This material may not be published, broadcast, rewritten, or redistributed. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 2023 KCRW All Rights Reserved. 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). 2023 CNBC LLC. 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 . The more a company does, the more it is expected to do. 42/$4,105. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. 0. 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. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. Performance & security by Cloudflare. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. AFL's letter comes after Disney announced last week that it will work to repeal Florida Gov. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Iger has been gradually removing himself from active . But her long-time tenure that edges up to Disneys own parameters suggests the Magic Kingdom could have planned succession better. When is Eurovision and how do you get tickets? Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. Jeannetta Arnette. Chairman of the Board. Bob Chapek, the current CEO of the company, came from consumer products and theme parks, rather than creative programming. 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 . Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. During his years at Disney, Iger saw the acquisitions of Pixar, Marvel, Lucasfilm and Fox. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. 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. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. Photo by Marko Aliaksandr. ', 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. 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. Language. Send us a tip using our annonymous form. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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 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. 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. A Division of NBCUniversal. Send a note to coy-newsletter@nytimes.com. 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 . Do Not Sell or Share My Personal Information. Contribution Totals. edit. 10. 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. 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. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? "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. 2018 Transaction Count/Amount. He then joined Disney and became the CEO in 2005. https://www.nytimes.com/2022/03/11/opinion/disney-florida-lgbtq.html, Illustration by The New York Times; Photography by johnnylemonseed, and OpThailand via Getty Images. By subscribing, I agree to the Terms of Use and Privacy Policy. Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. Chairman of the board Bob Iger leaves at the end of 2021. "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. 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. 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.". (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." Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. Disney has a progressive record on sexuality and gender. Disney's in a big moment of transition. Our Standards: The Thomson Reuters Trust Principles. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. 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. Iger, a former weatherman, joined the TV broadcast network ABC in 1974, where he developed iconic American TV shows, such as "America's Funniest Home Videos" and "Home Improvement," and helped in creating "Who Wants to Be a Millionaire.". On Monday, Chapek sent a memo to Disney employees stating his case for quiet diplomacy. 2021-present. What science tells us about the afterlife. 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. Staffers should not rely on your black colleagues to educate you, which is emotionally taxing, the docs reportedly instruct. "[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. 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. This isnt just a Disney issue. But that progressive record was no shield from criticism. James Smith. His attempt to keep out of the spotlight had failed. 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 . 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 arnold disney political party. 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.. She worked almost 30 years at Procter & Gamble and also spent time in the world of private equity. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. asks James Heskett. The company has alsobackeda 21-Day Racial Equity and Social Justice Challenge day where participants are told they all been raised in a society that elevates white culture over others, City-Journal reported. Where he heads next is still an open question. "Accordingly, management has placed the Companys assets, including its brand, reputation, and good will, at risk.". 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 . Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 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. They targeted moderate . 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. Signup for Breaking News Alerts & Newsletters. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Arnold has been on Disney's board for 14 years and has served as the independent lead director since 2018. While Iger came from a creative background, thats not the case with Arnold. 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. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Deadline is a part of Penske Media Corporation. Now theres the possibility that he could own a sports team or take on another big public role. Disney has a new board chair, and she's a gay woman. View the profiles of people named Susan Arnold. 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.. 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 . If anything it made Disney more vulnerable because employees and other stakeholders expected the company to live up to its own expressed values. She is based in New York. Health workers in protective gear carry out tests at the theme park, Disney and Scarlett Johansson settle lawsuit, New Disney movies to debut exclusively in cinemas, Shang-Chi leads cinema fightback at box office, Historic ocean treaty agreed after decade of talks, China looks at reforms to deepen Xi's control, Inside the enclave surrounded by pro-Russia forces, 'The nurses wanted me to feel guilty about my abortion, From Afghan TV fame to a US factory floor. She retired from Procter & Gamble on September 1, 2009. Simply put, they can be counterproductive and undermine more effective ways to achieve change.. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. The move takes . Chris Palmeri reports. Physics is the law, everything else is a recommendation.. Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. This website is using a security service to protect itself from online attacks. Photo by Marko Aliaksandr. 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. Arnold has been a member of Disneys board since 2007. #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 is an American business executive and chairwoman of Walt Disney. Arnold has served as the panel . 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%. 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 . 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.. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. Prior to that, she was Vice Chair of P&G Beauty and. 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. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. This story has been shared 123,414 times. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Changes at the top are disruptive and Disney is undergoing its own transformation. Wall Street applauded Iger's return. Powered and implemented byFactSet Digital Solutions. 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. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. Arnold thanked Chapek for leading the company through the pandemic. Read about our approach to external linking. Susan E. Arnold. 1 He will be replaced by Susan Arnoldwho has been . Got a confidential news tip? but a. Cloudflare Ray ID: 7a2f8c127fb98108 2023 FOX News Network, LLC. Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. 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. 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. 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. Walt Disney Co. named former Carlyle Group executive Susan Arnold as its chairman, replacing Bob Iger, who is nearing his previously announced departure from. 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. The Walt Disney Company has a big problem. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. She is a white, non hispanic female registered to vote in Broward County . She is known for her involvement in several works by the entertainment giant company. Arnold served as an operating executive at The . She's also been a director at McDonald's . All Rights Reserved. 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 . [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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. "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 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. Your IP: She has also served in senior roles at some of America's biggest companies. 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 . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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. 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. 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. 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. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. 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