{"id":3839,"date":"2023-06-16T13:55:55","date_gmt":"2023-06-16T18:55:55","guid":{"rendered":"https:\/\/nakedpolitics.net\/?p=3839"},"modified":"2023-06-16T13:55:55","modified_gmt":"2023-06-16T18:55:55","slug":"disney-cfo-leaves-after-tense-relations-with-execs","status":"publish","type":"post","link":"https:\/\/nakedpolitics.net\/?p=3839","title":{"rendered":"Disney CFO leaves after tense relations with execs"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">Disney shares have gained 5.5% this year, trailing the S&amp;P 500&#8217;s 15% rally<\/h4>\n\n\n\n<script type=\"text\/javascript\" src=\"https:\/\/video.foxbusiness.com\/v\/embed.js?id=6327826914112&#038;w=466&#038;h=263\"><\/script><noscript>Watch the latest video at <a href=\"https:\/\/www.foxbusiness.com\">foxbusiness.com<\/a><\/noscript>\n\n\n\n<p class=\"wp-block-paragraph\">The\u00a0<a href=\"https:\/\/www.foxbusiness.com\/category\/disney\">Walt Disney Company<\/a>\u00a0announced Senior Executive Vice President and Chief Financial Officer Christine McCarthy is stepping down and will take a medical leave of absence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">McCarthy has also butted heads with company\u00a0<a href=\"https:\/\/www.foxbusiness.com\/category\/bob-iger\">CEO Bob Iger<\/a>\u00a0and other top executives over strategy, including how the company spends money on content and a restructuring plan to streamline the entertainment giant, a person familiar with the matter told The Wall Street Journal.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20370%20247'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-72.png\" alt=\"\" class=\"zeen-lazy-load-base zeen-lazy-load wp-image-3840\"\/><noscript><img decoding=\"async\" width=\"720\" height=\"405\" src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-72.png\" alt=\"\" class=\"wp-image-3840\" srcset=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-72.png 720w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-72-300x169.png 300w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-72-293x165.png 293w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-72-390x219.png 390w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/noscript><figcaption class=\"wp-element-caption\">Christine McCarthy, senior executive vice president and chief financial officer of The Walt Disney Co., listens during the Milken Institute Global Conference in Beverly Hills, California, on April 29, 2019.\u00a0(Kyle Grillot\/Bloomberg via Getty Images \/ Getty Images)<br><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">&#8220;Although I am leaving the CFO role, I look forward to helping with the transition and will always be rooting for the success of my extended Disney family, who have shown time and again that determination, teamwork and the pursuit of excellence are an unstoppable combination,&#8221; McCarthy said in a press release.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20370%20247'%3E%3C\/svg%3E\" class=\"zeen-lazy-load-base zeen-lazy-load\" data-lazy-src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/04\/931\/523\/IGER.jpg?ve=1&amp;tl=1\" alt=\"Bob Iger attends a basketball game\"\/><noscript><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/04\/931\/523\/IGER.jpg?ve=1&amp;tl=1\" alt=\"Bob Iger attends a basketball game\"\/><\/noscript><figcaption class=\"wp-element-caption\">Disney CEO Bob Iger attends a basketball game between the Los Angeles Clippers and the Phoenix Suns at Crypto.com Arena in Los Angeles on April 20, 2023.\u00a0(Allen Berezovsky\/Getty Images \/ Getty Images)<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, Iger said McCarthy is &#8220;one of the most admired financial executives in America, and her impact on The Walt Disney Company during 23 years of dedicated service cannot be overstated.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">McCarty was reportedly one of the executives who persuaded Iger to return as CEO after a tumultuous tenure under Bob Chapek amid social and political firestorms including the media giant&#8217;s battle with Florida Gov. Ron DeSantis.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20370%20247'%3E%3C\/svg%3E\" class=\"zeen-lazy-load-base zeen-lazy-load\" data-lazy-src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/12\/931\/523\/CHAPEK-1.jpg?ve=1&amp;tl=1\" alt=\"Bob Chapek,Disney\"\/><noscript><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/12\/931\/523\/CHAPEK-1.jpg?ve=1&amp;tl=1\" alt=\"Bob Chapek,Disney\"\/><\/noscript><figcaption class=\"wp-element-caption\">Disney CEO Bob Chapek attends the 94th Annual Academy Awards at Hollywood and Highland in Hollywood, California, on March 27, 2022.\u00a0(David Livingston\/Getty Images \/ Getty Images)<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Effective July 1, Disney Executive Vice President and Chief Financial Officer of Disney Parks, Experiences and Products Kevin Lansberry will take over the\u00a0<a href=\"https:\/\/www.foxbusiness.com\/markets\/round-three-disney-job-cuts-starting\">job<\/a>\u00a0and serve as the company\u2019s Interim CFO.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Disney: <\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20370%20247'%3E%3C\/svg%3E\" data-lazy-src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-73.png\" alt=\"\" class=\"zeen-lazy-load-base zeen-lazy-load wp-image-3841\"\/><noscript><img decoding=\"async\" width=\"727\" height=\"471\" src=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-73.png\" alt=\"\" class=\"wp-image-3841\" srcset=\"https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-73.png 727w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-73-300x194.png 300w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-73-293x190.png 293w, https:\/\/nakedpolitics.net\/wp-content\/uploads\/2023\/06\/image-73-390x253.png 390w\" sizes=\"(max-width: 727px) 100vw, 727px\" \/><\/noscript><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Disney shares have gained over 5% this year, trailing the S&amp;P 500.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Original Article: <a href=\"https:\/\/www.foxbusiness.com\/markets\/disney-cfo-leaves-after-tense-relations-with-execs\">https:\/\/www.foxbusiness.com\/markets\/disney-cfo-leaves-after-tense-relations-with-execs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disney shares have gained 5.5% this year, trailing the S&amp;P 500&#8217;s 15% rally Watch the latest video at foxbusiness.com The\u00a0Walt Disney Company\u00a0announced Senior Executive Vice President and Chief Financial Officer Christine McCarthy is stepping down and will take a medical leave of absence. McCarthy has also butted heads with company\u00a0CEO Bob Iger\u00a0and other top executives over strategy, including how the company spends money on content and a restructuring plan to streamline the entertainment giant, a person familiar with the matter [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3839","post","type-post","status-publish","format-standard","hentry","category-democrats"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/3839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3839"}],"version-history":[{"count":1,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/3839\/revisions"}],"predecessor-version":[{"id":3842,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=\/wp\/v2\/posts\/3839\/revisions\/3842"}],"wp:attachment":[{"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nakedpolitics.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}