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They Were Secretly Conservative Spies. 0. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Powered and implemented byFactSet Digital Solutions. Have feedback? 38/$4,515. She was formerly an executive at global investment firm Carlyle. The Walt Disney Company has a big problem. 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. Description. Rhiza Dizon, 'Sears or Playboy May Get Gay CEO'. 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. Among measures to be voted on, Trianon also wants Disney to amend its bylayws. On Twitter one person compared the Florida bill to the Nuremberg race laws enacted in Nazi Germany. When you wait too long, youll get penalized no matter what you do., Companies need to accept that they have become part of the political process, like it or not, Paharia said. 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.". Arnold is leaving her position as operating executive at the Carlyle Group (CG.O) as she steps up to lead the Disney 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. 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. Weve already seen that happen a bit. The bill also requires procedures for schools to discuss matters of "mental, emotional or physical health or well-being" with parents. Disney. All quotes delayed a minimum of 15 minutes. The $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. In 2004 she became Vice Chairman of Procter & Gamble and President of the company in 2007. [2], She is an operating executive of The Carlyle Group, since September 2013. FOX Business' Marisa Schultz, Andrew Murray and Adam Shaw contributed to this report. View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Iger has been gradually removing himself from active . DeSantis signed the bill, which bars instruction on sexual orientation or gender identity in kindergarten through third grade, into law last week. The $260 billion media giant named Susan Arnold on Wednesday as . Get this delivered to your inbox, and more info about our products and services. Prior to that, she was Vice Chair of P&G Beauty and. And it fired Mandalorian actress Gina Carano in February after she made what were considered right-wing comments on social media. 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. - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. Iger also has some potential points of agreement with the new presidentas the Disney C.E.O. Ant Man gets poor reviews. exercices corrigs maths terminale stmg pdf . As a result, the board will be reduced to 11 members. By subscribing, I agree to the Terms of Use and Privacy Policy. [11][12] She was elected chair on December 31, 2021. That angers both sides, he said. It wants to be loved by everybody: Massachusetts liberals and Mississippi conservatives, Muslims in Saudi Arabia and atheists in China. Today, Disneys directors bring experience across a relevant range of disciplines, including brand, marketing and retail, direct-to-consumer expertise, and technology and innovation. 2023 BBC. Disneys said its board has elected Mark Parker chairman, effective following the annual meeting of shareholders. Chairman of the board Bob Iger leaves at the end of 2021. 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. View the profiles of people named Susan Arnold. She served for several years on the executive committee of Catalyst, a nonprofit organization working toward the advancement of women in business. The tensions seem to be intensifying. [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. Walt Disney has elected a woman to chair its board for the first time in the entertainment giant's 98-year history. Arnold thanked Chapek for leading the company through the pandemic. There are almost daily memos, suggested readings, panels, and seminars that [are] all centered around antiracism, one employee told the outlet. 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 . She's also been a director at McDonald's . 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. Quotes displayed in real-time or delayed by at least 15 minutes. At the time, Iger was observing Disney's performance as a shareholder, but he had no intention of returning. Hell be succeeded by Susan Arnold. ", Gov. Susan Arnold Young, Education, Political Party, Movies. She is known for her involvement in several works by the entertainment giant company. 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. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). The estimated Net Worth of Susan E Arnold is at least $5.99 Million dollars as of 2 June 2021. Arnold's election will be effective December 31, 2021, when Bob Iger formally steps down as chairman - a position he has held since 2012. 2023 KCRW All Rights Reserved. Consumers are turning to vote with their dollar.. Parker's appointment is 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. "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. She was an operating executive at The Carlyle Group until this year. But it keeps getting dragged into politics, often by employees who tend to be liberal and want the company to reflect their values. American businessperson, an operating executive of The Carlyle Group, and chair of the Walt Disney Company. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. [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. Susan E. Arnold Bob Iger John S. Chen Judith L. Estrin Fred H. Langhammer Aylwin B. Lewis Monica C. Lozano Robert W. Matschullat Sheryl K. Sandberg Orin C. Smith Susan Arnold - Chairwoman Bob Iger -CEO James A. Rasulo - Senior Executive Vice President and CFO Alan N. Braverman - Senior . While Chapek is a long-time Disney executive, hes new to the corner office and his leadership will be tested by challenges. Chairwoman. Disney is putting an emphasis on growing its streaming video product Disney+, which is already hitting a slowdown in subscribers. The entrance to Disney World in Orlando, Florida. That fits with the direction Disney is headed in generally. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 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. [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]. Earlier today, the Walt Disney Company Board of Directors elected Susan Arnold as Chairman of the Board. With the departure of Arnold . All Rights Reserved. but a. What's the least amount of exercise we can get away with? Are you going to stand up for them or not?. 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. In 2016, the firm opened its first theme park and resort in mainland China. Susan E. Arnold. 93. "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. I attended several [training sessions] at the beginning just to see what the temperature of the discussion would be and to gauge if I would be able to bring up my own objections in a safe waysafe meaning for my career. Made in L.A. Streaming music, news & culture from KCRW Santa Monica, Live streaming music, news & culture from KCRW Santa Monica. Photo by Marko Aliaksandr. The entrance to Disney World in Orlando, Florida. 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 . asks James Heskett. 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. political party, a group of persons organized to acquire and exercise political power. Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007. 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 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. Advertisement. Susan E . Marc Gunther, 'Queer Inc.: How Corporate America fell in love with gays and lesbians. 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. You will be redirected back to your article in, Joe Biden Had Basal Cell Cancerous Tissue Removed From Chest, His Doctor Says, Spirit Awards: 'Everything Everywhere All At Once' Takes Best Feature, 6 Other Trophies; 'The Bear', Quinta Brunson Tops In TV - Full Winners List, Will Moviegoers Lend An Ear To Children Of The Corn Remake? 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. While Iger came from a creative background, thats not the case with Arnold. Arnold thanked Chapek for leading the company through the pandemic. Send us a tip using our annonymous form. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. The Fair Political Practices Commission is looking at whether former Gov. . Photo by Marko Aliaksandr. In some cases the restive employees are conservatives, not liberals. 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. "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. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. By Ryan Faughnder Staff Writer. Disney's in a big moment of transition. 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. Yes, even on a piece of state legislation that did not directly involve Disney. Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. "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. Arnold, who has sat on the Mouse House's board for 14 years and who has . Warner Bros. golden ticket: Will they make new Lord of the Rings films? 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. ', 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. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Predecessor. They are also able to put foward shareholder proposals. Join Facebook to connect with Susan Arnold and others you may know. 4. 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. Parker, a Disney board director since 2016 and current executive chairman of Nike, will succeed Susan Arnold, a veteran business leader who is not standing for reelection due to . Now theres the possibility that he could own a sports team or take on another big public role. 2020 Transaction Count/Amount. 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 made the announcement today. 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. It's a movement. 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 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. This isnt just a Disney issue. Chairman of the board Bob Iger leaves at the end of 2021. One C.E.O. Prior to that, she was President Global Business Units of Procter & Gamble from 2007 to 2009. -. Susan Arnold is taking over as Disney's chairman of the board, the company announced Wednesday. 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. has named longtime board member Susan Arnold as its new chair to replace Bob Iger when he leaves the company at the . They targeted moderate . I talked with two experts about how Chapek and other chief executives should act in this challenging new environment. 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. As we have seen time and again, he wrote, corporate statements do very little to change outcomes or minds. Susan Arnold Biography. Do you know this baby? 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. Disney has a September fiscal year and usually issues its proxy statement which, among other things, lists the companys slate of directors up for election in January, and holds its shareholder meeting in March. Get the latest from KCRW in your inbox 3x a week. Susan E. Arnold was formerly an operating executive of The Carlyle Group, an equity investment firm. Igers transition from boss and chairperson has been in the works at least since February 2020, when Chapek replaced Iger as chief executive. When is Eurovision and how do you get tickets? "[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 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. Arnold has served as the panel . 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. 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 . Where he heads next is still an open question. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. Arnold is a 14-year member of the Disney . 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. Got a confidential news tip? 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 employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. 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. On Nov. 29, Twitter announced that Taylor would become its chairperson. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Get our latest storiesin the feed of your favorite networks. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. Arnold will begin her new role Dec. 31 . Anyone can read what you share. Legal Statement. 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. Read about our approach to external linking. 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. Physics is the law, everything else is a recommendation.. susan arnold disney political party. Susan Arnold, who has been a Disney board member for 14 years, will succeed Bob Iger at the end of this year. Iger has a two year contract. BREAKING: Mark Parker Named New Disney Chairman, Succeeding Susan Arnold. He now holds two big jobs that will split his attention. Sabado Domingo @SabadoD00554481. 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. 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. "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.