Sheryl Sandberg, Jack Dorsey Won't Seek Re-Election to Disney Board

Facebook COO Sherly Sandberg won't be seeking re-election on the Walt Disney Co. board

The board will select a new lead independent director when it meets after the annual meeting, Disney said.

"Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly hard for them to avoid conflicts relating to board matters, and they are not standing for re-election", Disney said in a statement.

"Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly hard for them to avoid conflicts relating to Board matters, and they are not standing for re-election", Disney said in a statement. Both Sandberg and Dorsey are not standing for re-election due to conflicts relating to matters before the board, Disney said. Orin Smith, former CEO of Starbucks Corp, will depart - due to rules that specify retirement at age 74.

Q4 2017 EPS Estimates for Discover Financial Services Reduced by Analyst (DFS)

Dorsey had been on the board since 2013 and Sandberg has served since 2010.

The move is a marker of how the media and entertainment landscapes are shifting as viewers turn to non-traditional sources and venues for what they watch. Twitter, too, has made more forays into video. In addition to a partnership with the National Football League, the company announced it was livestreaming WNBA games a year ago.

At the same time, Disney is becoming more like a tech company. The entertainment giant named two members to its board in December, tapping CEOs from the software and biotech industries. Oracle co-CEO Safra Catz and Illumina CEO Francis deSouza will join the board next month. General Motors Co. CEO Mary Barra became a Disney director in August.

Related News:

Seattle Genetics (NASDAQ:SGEN) Rating Reiterated by Oppenheimer
Bourgeon Cap Mgmt Ltd Limited Liability Company has invested 0.03% of its portfolio in Regulus Therapeutics Inc. Analysts await Myriad Genetics, Inc. (NASDAQ:SGEN) by 2.7% during the fourth quarter, Holdings Channel reports.

13 January 2018

Katie Couric Breaks Silence on Matt Lauer: 'It's Completely Unacceptable'
Lauer was sacked in November when NBC received a "detailed complaint from a colleague about inappropriate sexual behavior". Couric said that she and Lauer had a "brother-sister" relationship and that he treated her with respect.

13 January 2018

CFPB deputy files appeal in battle to unseat Mulvaney
English claims that, by operation of the Dodd-Frank Act, she-and only she-is now entitled to be the acting Director of the CFPB. That same day, he named Plaintiff Leandra English the CFPB's Deputy Director, in an apparent attempt to select his successor.
13 January 2018

Packed emergency rooms, deaths as flu hits California hard
The worst flu season in years is only getting worse, with 49 states now seeing widespread misery, USA health officials report. Health Department officials report that three people have died from flu complications in Allegheny County in the past week.

Toyota Adding Alexa to Select Cars in 2018
As an example, drivers could tell Alexa to turn on the living room lights while the owner is pulling into the garage. This aside, the auto is expected to have Alexa in its infotainment system.

13 January 2018

Bannon steps down from Breitbart News
But he appears to have become increasingly isolated amid reports that he had lost the support of a major financial backer. The Federal Bureau of Investigation, it was also disclosed, will be looking into the Clinton Foundation.
14 January 2018

Australian Tennis player De Minaur Remains Undefeated in Sydney
It was likely a preview of finals for years to come. -Benoit Paire (FRA) defeated Gilles Muller (LUX, 2), 6-4 and 6-4. The man who beat him in Saturday's final, Daniil Medvedev , was quick to label de Minaur "the future of tennis".

Positive Media Coverage Somewhat Unlikely to Impact First Bancorp (FBP) Share Price
The stock of First Internet Bancorp (NASDAQ:INBK) has "Buy" rating given on Thursday, October 19 by Keefe Bruyette & Woods. Taking a broader look at the analyst consensus, brokerage firms have a price target of $6.79 on First Bancorp (NYSE:FBP).

White House welcomes China's drop in trade with North Korea a year ago
The measures could include stopping and inspecting ships bound for North Korea. There were reports that North Korea had proliferation linkages with Pakistan.
14 January 2018

Yuvraj Singh, Gautam Gambhir, Chris Gayle, among 1122 registered for IPL Auction
The player registration closed on Friday and 1122 players have signed up for the auction that will be held on January 27 and 28. Surprisingly, two players from United States of America and one player from Scotland have also registered for the IPL auction.

14 January 2018

Iran says nuclear deal with major powers not renegotiable
Also addressing reporters, French Minister Jean-Yves Le Drian called the deal "essential", saying: "There is no alternative". Also on January 8, another Iranian official, this time atomic chief Ali Akbar Salehi , issued a warning.

13 January 2018

Stars Hit The Red Carpet For The 2018 Critics' Choice Awards
On TV, Hulu's The Handmaid's Tale picked up Best Drama and Best Actress for star Elizabeth Moss, while Amazon's The Marvelous Mrs. Last year Weta Digital won the category for its work on the Disney reboot of The Jungle Book .