Mark Parker to Be Named Chairman of the Walt Disney Company

[Disstevefan1]

Who got him fired when McCarthy came to her with her concerns.

So... don't believe it.

Not to mention term limit.

I don’t buy the term limit cr@p.
Anyway I am more worried about what the Parker fellow will do..
It will be interesting to watch.

 

[Slpy3270]

Seems like Peltz doesn't want any Iger loyalists making decisions for Disney.

Activist Investor Nelson Peltz to Disney’s New Board Chair: No Thanks

Activist investor Nelson Peltz doesn’t think the Walt Disney Co.’s board leadership change will shift the company’s direction, according to people familiar with the matter.

www.wsj.com

Got a feeling the shareholder meeting in March will be more and more of a referendum on Iger's legacy.

 

[Slpy3270]

Can't imagine too many people are going to side with Peltz, personally.

Depends on whether or not loyal Disney investors who have owned the company for decades have any patience left. It was one of the many factors that led to Time Warner getting sold to AT&T; it was either that or investors would break the thing up.

But Bob Iger isn't Jeff Bewkes. And he actually cares about his legacy.

 

[MisterPenguin]

I don’t buy the term limit cr@p.

You don't have to buy that the earth is round, either. But reality will be what reality is despite your beliefs.

 

[Disstevefan1]

You don't have to buy that the earth is round, either. But reality will be what reality is despite your beliefs.

Super poor analogy!

It's a physical and scientific fact the earth is round.

The term limit is something we were told was a rule and rules are made to be broken and (probably could be extended) depending on the induvial.

 

[MisterPenguin]

The term limit is something we were told was a rule and rules are made to be broken and (probably could be extended) depending on the induvial.

I don't know if their bylaws would allow a simple vote of the board to extend a Director's term limit or if it would have to be voted on by the stockholders at the annual meeting. And neither do you. Unless we do some research.

But you acknowledge it's a rule.

We means that there is no willy-nilly 'churn' going on.

 

[Disstevefan1]

I don't know if their bylaws would allow a simple vote of the board to extend a Director's term limit or if it would have to be voted on by the stockholders at the annual meeting. And neither do you. Unless we do some research.

But you acknowledge it's a rule.

We means that there is no willy-nilly 'churn' going on.

You misread my post. I said, "The term limit is something we were told was a rule".

It doesn't matter, I will take your word for it, Susan Arnold was removed due a term limit and not because she was an Chapek ally.

Don't worry, there will for sure be more significant issues with TWDC we can discuss going forward.

 

[MisterPenguin]

You misread my post. I said, "The term limit is something we were told was a rule".

It doesn't matter, I will take your word for it, Susan Arnold was removed due a term limit and not because she was an Chapek ally.

Don't worry, there will for sure be more significant issues with TWDC we can discuss going forward.

Susan was the one who picked up the phone and called Iger to replace Chapek.

Some ally.

 

[Disstevefan1]

Susan was the one who picked up the phone and called Iger to replace Chapek.

Some ally.

I will take your word for it.

I wasn’t there, I wasn’t on the the call and I never saw the documented rules, contracts, about term limits.

 

[Baloo62]

Hey Disney! Game of Thrones called. They want their story line back. And Karma is holding on Line 2.

 

[Disney Irish]

I will take your word for it.

I wasn’t there, I wasn’t on the the call and I never saw the documented rules, contracts, about term limits.

Now if there was only a publicly available document that describes the BoD rules and term limits and such.

https://thewaltdisneycompany.com/app/uploads/Corporate-Governance-Guidelines.pdf

 

[Disstevefan1]

Now if there was only a publicly available document that describes the BoD rules and term limits and such.

https://thewaltdisneycompany.com/app/uploads/Corporate-Governance-Guidelines.pdf

Excellent! Half way there. Is there a transcript of the phone call?

 

[Disney Irish]

Excellent! Half way there. Is there a transcript of the phone call?

That is irrelevant as she is termed out per the BoD rules. So doesn’t matter the contents of any phone call asking Iger to come back, which 100% happened as that is the role of the Chairman of the Board.