GimpYancIent
Well-Known Member
Wish her well. Now, who is next? How deep is the bench?
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News Christine McCarthy to step down from her role as Chief Financial Officer
- Thread starter DCBaker
- Start date
Brian
Well-Known Member
As a C-suite executive, McCarthy is considered a "key employee." Restoration to one's job may be denied to key employees should the company deem that restoration would cause "substantial and grievous economic injury to the company." § 825.218
Reading between the lines, I would guess that they reached an agreement to provide her with her FMLA leave and allow her to stay on in limited capacity through 2024, while giving up the CFO spot.
SaucyBoy
Well-Known Member
- In the Parks
- No
A lot of nasty replies in this thread, a shame we have people in the Disney community who are nothing more than vile cretins. This woman has had no impact in my life whatsoever, so I wish her nothing but the best in her post-Disney life. Whatever personal issues she's dealing with, I hope she finds peace and solace in her new journey.
aladdin2007
Well-Known Member
Wish all the rest would follow her out the door, the company needs new blood so bad, from the board down.
FettFan
Well-Known Member
Kevin Lansberry is stepping in as interim CFO, effective July 1.
Kevin Lansberry | Disney Parks, Experiences and Products
Kevin Lansberry is Executive Vice President and Chief Financial Officer of Disney Parks, Experiences and Products. In his role, Kevin is responsible for the …Read More
disneyconnect.com
Chef Mickey
Well-Known Member
Maybe you should re-read????????????
I’m thanking god she’s no longer CFO. Relax with the drama and particularly with putting words in my mouth.
Chef Mickey
Well-Known Member
WOAH. Careful there, very hot take around here.
Lil Copter Cap
Well-Known Member
I just...
If Bob Chapek stepped down from CEO due to a medical leave, I firmly believe tons would be cheering. Not because of his hypothetical health issues, but because he was terrible at the position.
I don't understand how people have conflated someone's health and their job.
If Bob Chapek stepped down from CEO due to a medical leave, I firmly believe tons would be cheering. Not because of his hypothetical health issues, but because he was terrible at the position.
I don't understand how people have conflated someone's health and their job.
FettFan
Well-Known Member
If you are a Disney stockholder or were a regular customer during her tenure, she has.
StarWarsGirl
Well-Known Member
- In the Parks
- No
As a cancer survivor, I would not be cheering if Chapek had to step down because of a cancer diagnosis. It's a horrible, horrible disease. I have no opinion on this woman's performance, but I think it's terrible how people are calling her "horrible woman" and they're celebrating that she's stepping down for health reasons, regardless of how you feel about her performance.
SaucyBoy
Well-Known Member
- In the Parks
- No
I've been going to WDW since 1996 and nothing she has done during her tenure has negatively impacted me. In fact I was just there three weeks ago and had one of the best visits ever. This is just another idiotic smear campaign by some Peter Pan adults who haven't seemed to grasp that a multi-billion dollar company doesn't bow down and cater to them. People like you are so unserious, I can't help but laugh hysterically. Stay pressed and bitter.
FettFan
Well-Known Member
The reason for that is because she made a flippant comment about overweight park visitors during an earnings call.
Was bad enough to announce that food servings in the parks were going to be cut down with raised prices (shrinkflation), but then she crossed the line when she said...
Disney CFO’ comment on ‘people’s waistlines’ leave fans furious - The San Francisco Times
As a cost-cutting move, Disney’s chief financial officer suggested a decrease in food portions on the theme park but inserted a side comment on park-goers’
sftimes.com
I don't know of anything that CMc was responsible for in order to grade her tenure as good or bad, except for facilitating Chapek's firing, which I would think people here would be applauding.
The purchase of Fox? I applaud that. But I'm not giving Christine credit for it. That was an Iger+Board decision.
What was she responsible for that can be pinned on her alone that would indicate she was bad at her job?
The purchase of Fox? I applaud that. But I'm not giving Christine credit for it. That was an Iger+Board decision.
What was she responsible for that can be pinned on her alone that would indicate she was bad at her job?
FettFan
Well-Known Member
Is it also an "idiotic smear" that under her tenure, Disney has been hell-bent on squeezing every penny they can from their customers because she helped Bob go on a drunken rampage with the company credit card?
Disney Analyst
Well-Known Member
I also would love to know...
People mostly seem to hate her for a snarky comment she made, that was clearly in poor taste, and likely her attempt to inject humour. Again all done insanely poorly and distastefully.
But it's not like she's Kim Jong un, although some on here make her sound like the devil apparent.
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Brian
Well-Known Member
That's the thing. That comment made headlines, and for good reason. But since when are finance people known for their sense of humor?
FettFan
Well-Known Member
Not so much the purchase of Fox in itself, but the facts that...
A. Fox was bought at a heavily inflated price
B. McCarthy was charged with finding ways to smooth over that purchase, chiefly through cutting staff, cutting services, and raising prices.
In any sensible business, she (along with most of the higher ups, mind you) would have been shown the door some time ago.
Sadly, megacorporations are all living in Opposite Land where people can almost singlehanded tank a company and still get millions.