Archive for Walt Disney Company

Disney Did Not Discriminate Against Autistic Kids, Federal Judge Decides

After more than two years and courts from California to Florida, Walt Disney Parks and Resorts today was exonerated in a lawsuit claiming it discriminated against families with children with autism and other developmental disorders in violation of the Americans With Disabilities Act.

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Disney Legend talks about working with Walt, finding growth in failure

There are two ways to look at a blank sheet of paper — with fright or as an opportunity. The creative mastermind behind nine Disney theme parks says focusing on the latter led to his contributions to the Disney legacy, and can lead everyone else to their own.

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Why Disney will likely crush every other movie studio at the box office in 2016

Thanks in large part to its properties like Marvel, Pixar, and Lucasfilm, Disney banked its biggest box-office year ever in 2015 as it took in over $5.8 billion worldwide.

But will 2016 be even bigger? It looks like it.

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Disney’s Departing COO Creates Succession Concerns

The Walt Disney Company saw a flurry of change recently in its C-suite as Tom Staggs, chief operating officer and heir apparent to Bob Iger’s role as CEO, announced plans to leave the company in early May.

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The Walt Disney Company Executives to Discuss Fiscal Second Quarter 2016 Financial Results via Webcast

The Walt Disney Company (NYSE: DIS) will discuss fiscal second quarter 2016 financial results via a live audio webcast beginning at 5:00 p.m. EDT / 2:00 p.m. PDT on Tuesday, May 10, 2016.

Results will be released after the close of regular trading on May 10, 2016.

To listen to the webcast, point your browser to www.disney.com/investors. The webcast presentation will be archived.

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How Disney used shell companies to start its Magic Kingdom

Politicians and the global elite exposed in the so-called Panama Papers aren’t the only ones that set up shell companies to hide what they’re up to.  In fact, one classic example of how such companies are used comes from Burbank’s own Walt Disney Co.

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The Case For Why Disney Should Buy Netflix

In the past year, Walt Disney, a company that sells itself on magic and nostalgia, has struggled with some very real problems.

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Who will be the next CEO of Disney?

Talk about stability in the executive suite. Disney has had only two CEOs since 1984. And for the past year, it was widely assumed that chief operating officer Thomas Staggs was being groomed to be the next Big Cheese at the House of Mouse.

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Now That Thomas Staggs Is Out, Who Might Be Disney’s Next CEO?

When Thomas Staggs was promoted to chief operating officer of Walt Disney 14 months ago, it was presumed he would be groomed to be CEO when Bob Iger steps down presumably at the end of June 2018.

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Statement from The Walt Disney Company Regarding Departure of Tom Staggs

Thomas O. Staggs will leave his current position as Chief Operating Officer of The Walt Disney Company, effective May 6, 2016. He will remain employed by the Company in the role of special advisor to the Chief Executive Officer, Robert A. Iger, through this fiscal year.

“Tom has been a great friend and trusted colleague for more than 20 years,” said Mr. Iger. “He’s made important contributions to this company, earning wide respect across the organization for his achievements and personal integrity. I’m proud of what we’ve accomplished together, immensely grateful for the privilege of working with him, and confident that he will be enormously successful in whatever opportunity he chooses.”

Mr. Staggs’ planned departure caps a distinguished 26-year career that began in Strategic Planning. He rose through the ranks to be named Chief Financial Officer, earning praise from Wall Street for his financial and communications skills. Mr. Staggs also led Disney’s Parks & Resorts through an era of historic growth.

Mr. Staggs said, “Disney truly stands alone, not only because of the Company’s phenomenal creativity, but also because of the thousands of remarkable people who make it such an extraordinary place. It’s been a privilege to work with them and be inspired by their creativity and commitment. It’s also been a great experience to work with Bob during this dynamic era of unprecedented growth and transformation. I remain grateful for that opportunity, and I’m confident that Disney’s future will be just as exciting as its legendary past.”

With approximately two years left before Mr. Iger steps down as Chairman and Chief Executive Officer, Disney’s Board of Directors will broaden the scope of its succession planning process to identify and evaluate a robust slate of candidates for consideration.

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