Arnold, who has sat on the Mouse House's board for 14 years and who has . 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. The Walt Disney Company has a big problem. 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. "[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. 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 $260 billion media giant named Susan Arnold on Wednesday as its next chairperson to succeed Bob Iger. Arnold at least can concentrate at one task: guiding Bob Chapek as Disneys newish CEO. What guidance should Disney Chairman Susan Arnold provide to Bob Chapek? Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. She was a director of McDonalds Corporation from 2008 to 2016, and was a director of NBTY, Inc. from 2013 to 2017. 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. Anyone can read what you share. 0. 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. Susan Arnold - $10,118 in Political Contributions for 2004 Disney. 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. "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. But Disneys appointment could have been more thoughtful. 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. Disney employees, as well as outsiders, have called the bill anti-L.G.B.T.Q.+ legislation. Some of the language was heated. Those that disagree might be mad at you, but if you explain the decision-making process, their engagement levels dont fall. 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. 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. They Were Secretly Conservative Spies. Book Susan Arnold | Speakers Bureau | Booking Agent Info She was an operating executive at The Carlyle Group until this year. The move comes as the company faces a proxy fight with an influential activist shareholder. Disney, Donald Trump, and the Dilemma of the Democrat C.E.O. The tensions seem to be intensifying. susan e arnold political party - casparicreative.com All quotes delayed a minimum of 15 minutes. Disney has a new board chair, and she's a gay woman | KCRW The more a company does, the more it is expected to do. Worries about a new Covid-19 variant threatens the companys fragile theme park recovery. The term party has since come to be applied to all organized groups seeking political power, whether . Send us a tip using our annonymous form. The company is completely ideologically one-sided and actively discourages Christian and or conservative workers from speaking their mind, the worker said. Operatives infiltrated progressive groups across the West to try to manipulate politics and reshape the national electoral map. "The Street likes Mr. Iger almost as much . Disney faces proxy fight as Peltz pushes to join board Disney has a progressive record on sexuality and gender. Disney reappoints ex-CEO Bob Iger as company head | khou.com Political party | Definition, Types, Functions, Examples, & Facts 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. 2023 CNBC LLC. Susan Arnold is an American business executive and chairwoman of Walt Disney. Disney shares were relatively flat in after-hours trading. Hosted by Matthew Belloni and Kim Masters Dec. 10, 2021 Entertainment. Chairman of the board Bob Iger leaves at the end of 2021. Language. This material may not be published, broadcast, rewritten, or redistributed. On Nov. 29, Twitter announced that Taylor would become its chairperson. The best of what to see, hear, eat, do, and more. Yes, even on a piece of state legislation that did not directly involve Disney. The entrance to Disney World in Orlando, Florida. Get this delivered to your inbox, and more info about our products and services. Hell be succeeded by Susan Arnold. [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. But that progressive record was no shield from criticism. 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. Iger has served as chairman of the board since 2012 and is set to leave the position effective Dec. 31. Quotes displayed in real-time or delayed by at least 15 minutes. The entrance to Disney World in Orlando, Florida. He said the worst possible move for a company is to take a position on a social issue but not follow through on it. 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). View the voter registration of Susan Arnold (age 76) from Tamarac, Florida. 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. In 2016, the firm opened its first theme park and resort in mainland China. Wall Street applauded Iger's return. 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. "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. Bob Iger return puts Disney on collision course with Ron DeSantis 2023 FOX News Network, LLC. 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. Gov. Iger is set to step away from the role by the end of this year. NEW YORK, Dec 2 (Reuters Breakingviews) - Walt Disney (DIS.N) has finally found its new board leader. Also known as. Susan E. Arnold has been President--Global Business Units of Procter & Gamble since 2007. Board Responds to Trian Partners Nomination by Recommending Shareholders vote for all of the Companys Nominees. Sabado Domingo on Twitter: "@WDWNT Oh no. Another wokester." / Twitter 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. Instead, they are often weaponized by one side or the other to further divide and inflame. Arnold, who was a former executive at the Carlyle Group, joined the Disney board in 2007. 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. - Salesforce.com on Nov. 30 said it promoted Bret Taylor to co-chief executive. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. 2023 BBC. Iger back on top in a Disney plot twist that few saw coming Arnold becomes the first woman to chair Disney's board in the entertainment giant's 98-year history. Iger has a two year contract. Igers transition from boss and chairperson has been in the works at least since February 2020, when Chapek replaced Iger as chief executive. A Division of NBCUniversal. Disney goes woke with new anti-racist agenda for employees 4. "Accordingly, management has placed the Companys assets, including its brand, reputation, and good will, at risk.". That stands in contrast to Twitter, which on Monday elected read more Bret Taylor as its chairperson. Susan Arnold will succeed Bob Iger as the next Disney chairman. The retailer Hobby Lobby is avowedly conservative, while the grocery chain Trader Joes is popular with liberals. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar in Melbourne, Florida, on March 22. Susan Arnold, Disney's chair, contacted Iger about the souring testimonials and sought his input. ", HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL'. Mutual Fund and ETF data provided byRefinitiv Lipper. Includes location, related records, political party, and more. Iger back on top in a Disney plot twist that few saw coming She retired from Procter & Gamble on September 1, 2009. susan arnold disney political party. 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. 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. (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 . Susan Arnold (age 76) is listed at 7860 Exeter Blvd E Apt 202 Tamarac, Fl 33321-8797 and has no political party affiliation. They targeted moderate . Joseph Prezioso/ZUMA Wire. Froman, Robert A. Iger, Maria Elena Lagomasino, Calvin R. McDonald, Mark G. Parker and Derica W. Rice. Investors are allowed delcare opposition board candidates to push change, leading to a whats called a proxy fight. - Walt Disney said on Dec. 1 the board elected Susan Arnold who will replace Bob Iger as chairperson of Disneys board. Opinion | Disney Can't Hide From Politics - The New York Times Susan Arnold named chairman of the board for Walt Disney Co. 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. 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.. For the last eight years Ms Arnold has been an executive at Carlyle Group, having previously held roles at consumer goods giant Procter and Gamble and fast food chain McDonald's. A backlash among Disney's senior executives grew to the point it reached the company's board. That could mean the possibility of another change of the guard on Disneys board when she hits her term limit. Walt Disney Co. said Susan Arnold will take the reins from Bob Iger as chairman of the board at the entertainment giant. . In one anti-racism training course, called Allyship for Race Consciousness, workers are taught that the US has a long history of systemic racism and transphobia and told they must take ownership of educating yourself about structural anti-black racism. Susan Arnold Biography. Christopher Palmeri. Arnold, who has been a board member for 14 years, will succeed Bob Iger on Dec. 31. Susan ArnoldPolitical Campaign Contributions2004 Election Cycle. (Paul Hennessy/SOPA Images/LightRocket via Getty Images / Getty Images). Photo by Marko Aliaksandr. Susan Arnold Named Chairman of the Board of the Walt Disney Company Legal Statement. 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 . 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.". His departure marks the end of an era. from 1999 to present. Disney extends Bob Chapek's contract despite controversial tenure Weve already seen that happen a bit. Critics have depicted the legislation as hurtful to LGBTQ inclusiveness and dubbed it the "Don't Say Gay" bill. 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. As Chapek noted in his memo, Disney has earned a 100 percent rating from the Human Rights Campaign for the past 16 years. Description. Companies that take a stand quick and are first movers in the space are perceived as being more authentic, she said.