Now Another Top Disney Executive Leaves under Iger's Leadership
The Walt Disney Company has gaping holes in its leadership including the latest top executive to leave. Take a look at details here.
Changes in Jobs
There have been so many changes within the Walt Disney Company over the past year. The biggest surprise came with the exit of former Disney CEO, Bob Chapek back in November 2022.
As Bob Iger returned as Disney CEO, he announced huge job reductions. This would come with a workforce reduction of 7,000 jobs. The first round of layoffs shocked many as Disney executives were among the first to be let go.
Executives Changes
Everyone's favorite "cutting portion sizes would be good for waistlines" CFO, Christine McCarthy, announced that The Walt Disney Company on June 30,2024.
According to Iger, she graciously offered to move into an advisory position until then to assist her successor in assuming the duties she has so expertly handled these many years.
In June, we announced HERE that Latondra Newton resigned. She served as Chief Diversity Officer for six years.
The memo states, "Since joining the company in 2017, Latondra has led the company's strategic diversity, equity, and inclusion initiatives, including partnering with stakeholders across the enterprise to amplify stories of the world by people around the world."
The Walt Disney Company's Chief Financial Officer, Christine McCarthy and Chief Diversity Officer, Latondra Newton both announced they are leaving recently.
You can see other recent changes in leadership HERE.
Latest Executive Leaving
Diane Jurgen, The Walt Disney Company's Chief Information Officer, announced recently she is leaving the company. According to the Wall Street Journal, Jurgens told colleagues she was leaving Disney "to pursue new adventures," according to an email sent to colleagues.
With this latest top executive position open, that leaves The Walt Disney Company without a permanent Chief Financial Officer, Chief Diversity Officer, and Chief Information Officer.
What is the solution to The Walt Disney Company's struggle to retain top positions? Please let us know in the comments and share this post with a friend.
Source: The Wall Street Journal
Yes! To all of this. Disney needs to get back to what Disney used to be. This new agenda has driven us all away. We are die hard Disney fans and used to visit the park annually, traveling with our large group. No more. Disney is NOT what we want to support now.
Walt and Roy Disney would be so disappointed in the direction the Company has taken in these last few years. Especially recently. Replace Iger!
Disney reorganization is a typical design to circle the wagons for survival mode. Disney is looking to sell off some previous acquisitions that are not as profitable (ABC and ESPN etc) and Disney is also top heavy so there is some trimming going on.
Trump knows when to file bankruptcy so he doesn't have to pay people.
Scrap the position of Chief Diversity Officer.
Hahaha.....he fired at last half of them throughout his tenure.
Get some advice from Trump. People may not like how he ran the country but he certainly knows how to hire executives to run a company. "The apprentice"
1. Disney must immediately scrap all DEI initiatives and abandon all elements of the Wokeist doctrine and dogma.
2. Reduce Theme Park and Resort prices and restore perks especially to Pass Holders. (Magical Express, regular early and late Park hours, package delivery, Magic Bands for Resort guests, Tables in wonderland etc.)
3. Eliminate Genie+
4. Stop re-imagining Disney film classics and go back to the original Disney Formula.
Were the people that recently left, really that good? I think the CFO was fully immersed in Disney's arrogance with respect to guests. This arrogance is a new thing. I never felt that way when Eisner was in charge, and certainly never felt that way from the senior leaders that preceded Eisner. A company's culture comes from the top. To answer your question, what does Disney need to do to retain top talent? Simple - replace Bob Iger as soon as you can. And don't recruit another fully Woke wolf in smooth talking sheep's clothing.
Leaving a sinking ship?