The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Hell be succeeded by Susan Arnold. Includes location, related records, political party, and more. Now theres the possibility that he could own a sports team or take on another big public role. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. Under him, the behemoth acquired Pixar . 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. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. 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. And so on. Christopher Palmeri. Download all contribution records for this person. 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. Advertisement. Consumers are turning to vote with their dollar.. 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. it kicked off a political backlash with conservative lawmakers and media outlets pushing boycotts and labeling Disney as too "woke . All rights reserved. But that progressive record was no shield from criticism. Susan Arnold is an American business executive and chairwoman of Walt Disney. She served as president of the global business units of Procter & Gamble from 2007 to 2009 and was also a member of the board at McDonald's from 2008 to 2016. But Disneys appointment could have been more thoughtful. 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 . We want to hear from you. See here for a complete list of exchanges and delays. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The Walt Disney Company remains open to constructive engagement and ideas that help drive shareholder value. ', 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. Disney urged shareholders to vote against Peltz and named current board member Mark Parker as its chairman. 3 min read. Warner Bros. golden ticket: Will they make new Lord of the Rings films? 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. She is known for her involvement in several works by the entertainment giant company. All Rights Reserved. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. 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 is a list of The Walt Disney Company's Executive Management Team, both present and historical. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. Earlier today, the Walt Disney Company Board of Directors elected Susan Arnold as Chairman of the Board. What's the least amount of exercise we can get away with? 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. 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. Susan Arnold will succeed Bob Iger as the next Disney chairman. The move comes as the company faces a proxy fight with an influential activist shareholder. She was an operating . "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. Mr. Iger 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. Wall Street applauded Iger's return. 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.". The date of the Annual Meeting has not yet been announced. Opinions expressed are those of the author. Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. 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. She worked almost 30 years at Procter & Gamble and also spent time in the world of private equity. 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 . Susan Arnold was formerly an operating executive of equity investment firm The Carlyle Group. Disney noted that Parker will chair a newly created succession planning committee, look at internal and external candidates. Putting names to archive photos, The children left behind in Cuba's mass exodus, In photos: India's disappearing single-screen cinemas. 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. Weve already seen that happen a bit. Regarding your Wednesday newsletter on businesses cutting ties with Russia over its invasion of Ukraine: When it comes to a crunch, corporations are showing their commitment to preserving democracy and Western values, which cannot be readily quantified in monetary terms. "The Street likes Mr. Iger almost as much . This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. 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. 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. Yes, even on a piece of state legislation that did not directly involve Disney. The best of what to see, hear, eat, do, and more. Chairwoman. He said the worst possible move for a company is to take a position on a social issue but not follow through on it. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob . Ant Man gets poor reviews. 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. Susan Arnold will replace Bob Iger, according to the Burbank, California-based entertainment giant.When she assumes the role on December 31, she will become the first woman to chair Disney's . "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. Get our latest storiesin the feed of your favorite networks. 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. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. The industry leader for online information for tax, accounting and finance professionals. 2023 CNBC LLC. Sabado Domingo @SabadoD00554481. Susan E. Arnold (born March 8, 1954) is an American business executive; she is the chairwoman of The Walt Disney Company. Are you going to stand up for them or not?. But it keeps getting dragged into politics, often by employees who tend to be liberal and want the company to reflect their values. 93. 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. Disney executives had been working behind the scenes to head off Floridas Parental Rights in Education bill, which strongly constrains the teaching of sexual orientation and gender identity and which activist opponents call the Dont Say Gay bill. (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." Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. What science tells us about the afterlife. Do you know this baby? Philosopher. Powered and implemented byFactSet Digital Solutions. Arnold will begin her new role Dec. 31 . 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 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. In a note published today, called Restore The Magic, Trian said Disney is at a crossroads. 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. Where he heads next is still an open question. 2018 Transaction Count/Amount. In his time as chief executive Disney made a number of major acquisitions, including the takeovers of Pixar, Marvel, Lucasfilm and 21st Century Fox. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Contribution Totals. 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. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. It therefore prefers to minimize the number of times it takes stands on hot-button social issues. 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. In addition, she makes $393,220 as Lead Independent Director at Walt Disney Co. Data is a real-time snapshot *Data is delayed at least 15 minutes. Susan E. Arnold. And Ive continually gotten the unspoken answer: no, the employee told the outlet. political party, a group of persons organized to acquire and exercise political power. (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 . 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. 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. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. 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. Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. 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. The entrance to Disney World in Orlando, Florida. Iger has been gradually removing himself from active . 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. Simply put, they can be counterproductive and undermine more effective ways to achieve change.. With the departure of Arnold . When is Eurovision and how do you get tickets? Susan Arnold (Q535362) Susan Arnold. 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. Photo by Marko Aliaksandr. Performance & security by Cloudflare. Deadline is a part of Penske Media Corporation. Disney shares were relatively flat in after-hours trading. We want to hear from you! By Prince Akoenyenu November 21, 2022. "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 . Jeannetta Arnette. The tensions seem to be intensifying. asks James Heskett. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Parker's appointment is Disney. - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. Gov. As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. [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]. 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. 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%. 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. 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.". This isnt just a Disney issue. He'll be succeeded by Susan Arnold. At the time, Iger was observing Disney's performance as a shareholder, but he had no intention of returning. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. Description. 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. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Arnold has served as the panel . Instead, they are often weaponized by one side or the other to further divide and inflame. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. This website is using a security service to protect itself from online attacks. The Walt Disney Company has a big problem. 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 . Photo by Marko Aliaksandr. Read about our approach to external linking. Disney said it remains open to constructive engagement and ideas that help drive shareholder value, including with Trian. Susan Arnold will succeed Bob Iger as the next Disney chairman. Got a confidential news tip? 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. 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. "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. You can email the site owner to let them know you were blocked. The $260 billion media giant named Susan Arnold on Wednesday as . Susan E . And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. Physics is the law, everything else is a recommendation.. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. noted on a politically optimistic earnings call two days after the election, he supports closing tax . 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 . Disney has a new board chair, and she's a gay woman. [4][5][6], Since 2002, she has been listed on Fortune magazine's 50 Most Powerful Women in Business as #7 in 2008. 2023 Deadline Hollywood, LLC. Chairman of the board Bob Iger leaves at the end of 2021. -. The Walt Disney Company Board has continued to evolve to ensure it has the right combination of backgrounds, skill sets and perspectives to guide the Company into the future. She'll succeed former CEO Bob Iger, who has served as board chairman since 2012. The more a company does, the more it is expected to do. 2020 Transaction Count/Amount. Iger is set to step away from the role by the end of this year. ", Gov. 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. We've received your submission. They Were Secretly Conservative Spies. When Bob Iger officially leaves Disney at the end of the year, hell be succeeded by Susan Arnold, the first woman and first openly gay person to lead the Disney board of directors. The Fair Political Practices Commission is looking at whether former Gov. As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. 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. 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.