News Christine McCarthy to step down from her role as Chief Financial Officer

[Sirwalterraleigh]

You're confusing types of fraud.

The SEC doesn't care about an employee taking FMLA. They care about the financial reports of publicly traded companies and if they are not misrepresented through fraud or human error (think no more Enron).

An employee lying about their reasons for FMLA certification would still be a form of fraud, albeit a different kind.

I’m not confusing anything…

She was pushed out. “Fired” isn’t the right term…but you get the gist.

There is a ridiculous belief by Disney fans on boards that they “can’t lie”…which is the silliest mental crutch ever. They wouldn’t know Wall Street If the truck repaved them into it. It’s even been discussed on the technical level.

They can say and do anything and twist out of it. Only the biggest idiots ever get prosecuted for financial crimes and it’s usually a pre-negotiated fall guy.

But hey…different strokes. We all are Disney fans and as customers we all gotta do better.

Iger has GOT to go. Long past due. We have a historical example of what that looks like and we’re there again. Time to save Disney

 

[Sirwalterraleigh]

Official hit pieces arriving on queue:

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

 

[GhostHost1000]

Official hit pieces arriving on queue:

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

Ah right on schedule. How dare someone question the almighty Iger

I mean who would have seen this coming lol

 

[Sirwalterraleigh]

Ah right on schedule. How dare someone question the almighty Iger

I mean who would have seen this coming lol

I puked when I read “McCarthy was integral in RECRUITING Iger to replace chapek”


Right…cause he didn’t spend his entire retirement tossing comments to anyone who’s listen and interfere in the boardroom.

Lost in this whole affair is after his “retirement”…nobody came looking for Bob. No prestigious board seats, awards or begging to run for powerful elected office.
That’s a much bigger part of this cluster puzzle than anyone has had proper time to process.

 

[Sirwalterraleigh]

I’ll annotate the important part:

 

[Lilofan]

I’ll annotate the important part:

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So instead of "spending more time with family", create a reason on medical leave . Wow smoke and mirrors on how she is being let go.

 

[GhostHost1000]

I’ll annotate the important part:

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She committed career suicide questioning Iger. He obviously knows what he’s doing…right?

 

[GhostHost1000]

So instead of "spending more time with family", create a reason on medical leave . Wow smoke and mirrors on how she is being let go.

Not surprising at all honestly. Sadly

 

[Sirwalterraleigh]

She committed career suicide questioning Iger. He obviously knows what he’s doing…right?

Nah…she’s probably ready to retire anyway…hence the deal and the cover story…

It’s standard coverup protocol: get rid of anyone with knowledge.

They’re all gone…except Josh and his now shockingly loose pants

 

[Sirwalterraleigh]

So instead of "spending more time with family", create a reason on medical leave . Wow smoke and mirrors on how she is being let go.

No Iger excuses have ever made sense. The last person who yielded any control over him was Jobs…so he made sure that would never happen Again…

We could write a book on it.

 

[Lilofan]

Nah…she’s probably ready to retire anyway…hence the deal and the cover story…

It’s standard coverup protocol: get rid of anyone with knowledge.

They’re all gone…except Josh and his now shockingly loose pants

Age 67 she can collect SS, but its actually sad and entertaining on the drama on how execs at Disney fight behind the scenes but PR makes it like he or she is leaving , been a great asset to the company, will be missed, yadda yadda... Wasn't there a time when execs leave the company , their ID and everything computer access was shut off ASAP but Christine is allowed to still be with Disney.

 

[Drdcm]

Now this is interesting…

So is it usually some type of physical impairment that causes the “escape clause” to be triggered?

It depends. That’s pretty common, for example someone who hauls roofing tiles gets a back injury from a car accident, can no longer perform their job - they can be terminated once the FMLA timeframe is up since they can’t do their job.

For me, I deal with MH. A common one is making recommendations that my patients get time off for weekly therapy, but the hospital doesn’t have the staffing to allow that, so it is declined and they are either fired or don’t do the therapy. Often times they get fired because the hospital doesn’t want to assume liability for violating my recommendations if something were to go wrong. Ultimately there are a lot of different justifications for not allowing someone to return.

I get a ton of requests for FMLA that are people trying to scam the system as well. Things like being allowed to constantly show up late or not get their work done in time. I typically don’t fill it out unless they’re participating in intensive treatment to correct whatever the issue is. Not that anyone brought it up, but short term disability is an entirely different beast…

Either way, I do a real evaluation for each case and make a determination as to whether the request is appropriate or not and warn them about the consequences of their employer not finding the accommodations reasonable.

 

[monothingie]

I’ll annotate the important part:

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The job definition of Strategic Advisor: Keep getting paid to not say anything.

 

[GhostHost1000]

The job definition of Strategic Advisor: Keep getting paid to not say anything.

 

[monothingie]

Official hit pieces arriving on queue:

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

Ah right on schedule. How dare someone question the almighty Iger

I mean who would have seen this coming lol

Clearly someone in McCarthy's orbit or McCarthy herself who was unhappy about this and wanted to push back against the Disney PR team.


The WSJ doesn't do Tabloid journalism, whomever the source is, is likely very well connected to the actual situation.

What is so curious about this is the lack of feeling in the original news stories and press release. It just seemed very cold and the awkward use of the term FMLA raised my eyebrows, especially for a 20+ year veteran of the company who's structured the up until recent financial success of the company.

 

[G00fyDad]

The WSJ doesn't do Tabloid journalism, whomever the source is, is likely very well connected to the actual situation.

Bet it's this guy...

 

[Sirwalterraleigh]

Clearly someone in McCarthy's orbit or McCarthy herself who was unhappy about this and wanted to push back against the Disney PR team.

Definitely some leading statements in there.

The WSJ doesn't do Tabloid journalism, whomever the source is, is likely very well connected to the actual situation.

Of course they do. Maybe not to the extreme…but they do. When “money is king”…you’re always for sale to the powerful. Perhaps not as backroom as WAPO…but there’s somebody in their.

What is so curious about this is the lack of feeling in the original news stories and press release. It just seemed very cold and the awkward use of the term FMLA raised my eyebrows, especially for a 20+ year veteran of the company who's structured the up until recent financial success of the company.

It was a “feeler” release…an Igerian speciality. 4 o’clock Eastern and see if anyone bites? Watch the ticker for the next 24 Hours…

Totally disingenuous…classic formula.

 

[CaptainAmerica]

I’ll annotate the important part:

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She was right. Disney still spends way too much on content and the recent restructuring didn't go far enough to streamline the company.

The fact that Alan Bergman and Dana Walden are both sharing the same job, each with massive teams, tells you all that you need to know.

 

[Disstevefan1]

Actually I only spent $74.58 on WDW property.

Saturday: Lunch at Casey's Corney $16.48 & 2 beer at SSR $19.17
Sunday: Dinner at Pecos Bill's $38.40 (for two people)

So again, this lie that you are being nickeled and dimed at WDW is just that, a lie. But based on your previous posts, you're nothing more than stirrer, so I genuinely have no interest in engaging with you because you are too full of yourself to engage in a good faith conversation out

Excellent you kept it under $75 for two people for a day at MK!

Did you do any attractions on that day?

 

[Nubs70]

The job definition of Strategic Advisor: Keep getting paid to not say anything.

She has been promoted to VP of Special Projects.

A position of short duration with no authority. This position lasts until it is determined that there are no special projects thus the position is redundant and is quickly eliminated.