el_super
Well-Known Member
Too bad nobody else is involved…we might be able to piece together what else is going on here?![]()
Maybe.. due to this talent crisis, the board will be forced to ask Iger to stay on another two or three more years.
Too bad nobody else is involved…we might be able to piece together what else is going on here?![]()
Think?Maybe.. due to this talent crisis, the board will be forced to ask Iger to stay on another two or three more years.
Why did you read between the lines? The PR says they did... she's leaving and taking an advisory role (aka getting paid to be on the beach).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.
Yeah…that’s how it plays…you verified itBig jump in the rank for Kevin, even if it's temporary. The fact it's not a permanent promotion gives me hope that someone else will eventually get the role. Not that many people would make me happy in a CFO role.
I worked with Kevin back when he was in charge of Downtown Disney. Didn't hate him, he was nice, but he came across as a "yes man" to me.
Finance, not the CEO are the ones that compute the estimated returns, etc to go along with the forecast from sales and product leadership.I mean, did she spearhead anything beyond executing the policies of the CEOs that warrants particular animus?
They aren't excluded - they simply aren't garunteed their role on return. They are still eligible to get the benefits of the leave (like continuing their benefits). The determination of denying re-instatement is reassessed when they return from leave.Not everyone is entitled to FMLA in the U.S. There's certain eligibility requirements. There's also provisions to exclude "key employees" such as McCarthy from job restoration following leave.
She was terrible as CFO. Absolutely horrible and lost shareholders billions. It appears everything negative was deleted here, but it’s a shame bc we can have an opinion without it being hateful. I don’t really need to get into her personal life and wish her the best, but I’m glad she’s out as CFO.Okay people… the hyperbole in here is insane. She isn’t some evil dictator who made humans suffer and perish. She was a CFO.
You don’t like have to like her or how she conducted herself, but the rhetoric in here is a bit much.
You're confusing types of fraud.Are you serious?
FMLA malfeasance??
Is it possible she was out…or on the outs…and this was going on at the same time?
Probably “likely”
You really gotta stop thinking the SEC is watching every move. That was never a thing
Not really if its medical and she only has a year left on her contract and being a long standing "good" employee I can see the company doing something like this. We had someone who worked for us in a similar situation with very ill spouse and was almost year away from retirement, just went ahead and took the FMLA and still came in if we really needed them til there retirement.If she is gone, why does the article infer family medical leave? If it os truly family medical leave, she would be covered under FMLA to which she entitled to her former or similar position.
Strange wording.
If she is gone, why does the article infer family medical leave?
Disney said McCarthy is taking a family medical leave. McCarthy has an ailing husband, who has been in a healthcare facility since the start of the year.
The abrupt exit of McCarthy caught some colleagues and associates by surprise. A person familiar with her situation said there have been no dramatic changes in her life recently that would require her to step back.
McCarthy has clashed with Disney Chief Executive Robert Iger and other top executives over strategy, including the amount of money Disney spends on content and a recent restructuring that she felt didn’t go far enough to streamline the company, a person familiar with the matter said.
In February, Iger reorganized the company and created three main units: one for theme parks and consumer products, another for ESPN, and a Disney Entertainment unit that houses movie and television operations, as well as streaming services Disney+ and Hulu.
McCarthy pushed for the Disney Entertainment unit to be further consolidated to improve profit margins and give Disney a leaner structure more akin to Netflix, putting her at odds with the unit’s leadership, the person familiar with the matter said.
Perhaps because her saviour boss has gotten ZERO stock bump since he threw himself a parade on the Burbank lot and rode his chariot back in?uhh...well
you called it @Sirwalterraleigh
shame she had to leave for medical reasons, and I wish her the best. but Ima go ahead and say that's one reason she left right now
THEYRE GOING TO ELIMINATE MORE JOBS
![]()
WSJ News Exclusive | Disney Finance Chief Clashed With Top Executives Before Stepping Down
Christine McCarthy’s departure caught some colleagues and associates by surprise.www.wsj.com
So it seems she wanted to eliminate even more jobs.
There is no one at Disney currently who is fit to run Disney. Let that marinateI'm torn. On the one hand of course having to step back for medical reasons (be it herself or her partner) is nothing to celebrate and I obviously wish her the best - there's absolutely nothing to celebrate about someone going through something so bad that it requires them to leave their career.
But that being said, she'd have either been pushed out, or become CEO at some point, and the former is by far a better result given her views and comments on certain areas of the business. She's a numbers person, not someone with enough vision or leadership to run a company like Disney.
Register on WDWMAGIC. This sidebar will go away, and you'll see fewer ads.