Facebook, Twitter supremos ditch Disney as biz steps on their turf

Tech bigwigs won't seek re-election to Mickey Mouse board

By Rebecca Hill


The Walt Disney Company's increasing interest in moving its shows online has forced two Silicon Valley supremos to leave the board.

Twitter chief exec Jack Dorsey and Facebook COO Sheryl Sandberg are not seeking re-election to the company's board of directors due to a growing conflict of interest, Reuters reports.

As traditional cable viewers decline, Disney is looking to new methods of publishing that brings it into more direct competition with online platforms like Facebook and Twitter.

It is also expanding its entertainment empire. The biz gobbled Rupert Murdoch's 21st Century Fox for $66bn last year, which will see it get its hands on – among many other businesses – streaming service Hulu.

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

The move was revealed in Disney's latest SEC filing, which also indicated how much the pair will be missing out on next year. According to the document, Sandberg received a total financial compensation of $374,106 in fiscal 2017, while Dorsey pulled in $305,274.

But the board will still have some tech representatives on it: Safra Catz, co-CEO of Oracle, joined last year, while Blackberry boss John Chen remains.

They, along with eight other board members, will seek re-election at the annual meeting in March, when Dorsey and Sandberg officially step down. ®

Sign up to our NewsletterGet IT in your inbox daily


More from The Register

Facebook Onavo Protect doesn't protect against Facebook

VPN app collects all sorts of details

Sueballs flying over Facebook's Android app data slurping

Class action seeks a Zuck-ton of money for privacy invasion

Facebook, Google, Microsoft, Twitter make it easier to download your info and upload to, er, Facebook, Google, Microsoft, Twitter etc...

GDPR put a gun to their heads

Facebook's Trending news box follows fired freelancers out the door

Banishment comes after bias investigation that found nothing

Facebook stuck with IRS bill after court tosses $7 BEEELLION appeal

Not even Zuckerberg can escape the tax man

Facebook Android app caught seeking 'superuser' clearance

Updated And what reason would you have not to trust Facebook with your personal data?

Facebook tells users to report crappy customer service from advertisers

Threatens to ban ads from businesses with low marks

Facebook sends lowly minions to placate Euro law makers over data-slurp scandal

We wanted actual C-suiters, growls EU committee

The hits keep coming for Facebook: Web giant made 14m people's private posts public

Latest privacy gaffe is nothing if not impeccably timed

Facebook back in court fighting claims it nicked British data centre IP

UK-based BladeRoom's founder airs grievances