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Sandberg, Dorsey to leave the Disney board

16 January 2018

Disney is buying a large part of the Murdoch family's 21st Century Fox in a $52.4 billion deal, announced Thursday, Dec. 14, including film and television studios, cable and worldwide TV businesses as it tries to meet competition from technology companies in the entertainment business.

Facebook Inc Chief Operating Officer Sheryl Sandberg and Twitter Inc Chief Executive Jack Dorsey will step down from the Walt Disney Co board of directors in March.

In its annual proxy filing, the media giant said it would propose a slate of 10 directors at its annual shareholder meeting, and neither Sandberg, the Facebook COO, nor Twitter CEO Dorsey were included on it.

Disney has begun to delve into video programming, an area that Twitter and Facebook are also branching into.

Teacher handcuffed, removed from school board meeting in Louisiana
Records indicate Deyshia Hargrave was booked into the city jail with remaining after being forbidden and resisting an officer. Mr Payou's contract was extended for three years by the board during that meeting and includes incentives for performance.

According to Bloomberg, the move comes as both parties are reportedly finding it "increasingly difficult" to avoid conflicts related to board members.

In 2017 Twitter signed a deal with the NFL that would allow the company to run a 30-minute show on the social media platform five days a week during football season. Twitter and Facebook have also bid on and won the rights to stream live sporting events, a bedrock business for Disney and its ESPN network.

Other directors who would not stand for re-election are Orin Smith, the 75-year-old lead independent director, and Robert Matschullat, 70, because of term and age limits for board members.

Marketing has reached out to The Walt Disney Company for comment. CEO Francis deSouza will join the board from February.

Sandberg, Dorsey to leave the Disney board