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Sheryl Sandberg, Chief Operating Officer of Facebook
Walt Disney Co. stated late Friday that Sheryl Sandberg and Jack Dorsey will not be re-nominated to its board, citing conflicts of curiosity as Facebook and Twitter push additional into Disney’s companies.
In its annual proxy filing, the media large stated it will suggest a slate of 10 administrators at its annual shareholder assembly, and neither Sandberg, the Facebook COO, nor Twitter CEO Dorsey have been included on it.
In an announcement, Disney made reference to strikes by each social media firms to supply or license an rising quantity of media and leisure content material.
“Given our evolving enterprise and the companies Ms. Sandberg and Mr. Dorsey are in, it has grow to be more and more tough for them to keep away from conflicts referring to Board issues, and they don’t seem to be standing for re-election,” the assertion stated.
Twitter final 12 months signed a take care of the NFL for a 30-minute digital present that it aired 5 nights per week in the course of the league’s season. Facebook live-streamed 15 college-football video games in 2017 in a take care of Stadium, a digital sports activities broadcaster. Disney’s ESPN broadcasts each professional and school soccer video games.