Disney investors elect Twitter's Dorsey to board

Mar 18, 2014

Disney shareholders elected all 10 of the company's nominees to the board of directors, including Twitter Chairman Jack Dorsey.

He had replaced Judith Estrin on an interim basis in December.

The Walt Disney Co. CEO Bob Iger said in a statement Tuesday that Dorsey brings "valuable perspective" to the board, especially in technology and .

Burbank, Calif.-based Disney also counts Facebook Inc. Chief Operating Officer Sheryl Sandberg as a director.

Shareholders also voted in favor of executive compensation in an advisory vote. Iger's for the fiscal year that ended in September fell 15 percent to $34.3 million. The company's financial performance did not exceed targets as much as the previous year.

Disney shares rose 25 percent to $65.19 in its last fiscal year.

Explore further: Twitter's Jack Dorsey joins Disney board

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Twitter's Jack Dorsey joins Disney board

Dec 23, 2013

US entertainment giant Walt Disney Company announced Monday that it tapped Twitter co-founder and chairman Jack Dorsey to join its board of directors.

Facebook COO nominated to Disney board

Dec 23, 2009

The Walt Disney Co. said Wednesday that Sheryl Sandberg, chief operating officer of Facebook, has been nominated to serve on the board of directors of the US media and entertainment giant.

Disney CEO Iger renewed through March 2015

Oct 07, 2011

(AP) -- Disney CEO Robert Iger will remain in his job through March 2015 and then serve as executive chairman for another 15 months to help break in a new chief executive, the company said Friday.

Disney to buy social-gaming site Playdom

Jul 27, 2010

(AP) -- The Walt Disney Co. is buying online social-gaming company Playdom for $563.2 million, the latest sign the company is becoming a formidable player in the video-game industry.

Recommended for you

Ticketfly buying WillCall for on-premise data

9 hours ago

Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

HP revenue inches up after years of decline

Aug 20, 2014

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

Restaurants experimenting with pay-in-advance tickets

Aug 20, 2014

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using ...

Chip maker Infineon to buy California firm for $3B (Update)

Aug 20, 2014

German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars ...

User comments : 0