Disney bounces Sandberg, Dorsey from board seats

On this special Sunday post, I would like to thank the 27 new subscribers to my blog that have signed up over the weekend, Welcome.

A very interesting story broke late Friday night and was missed by many papers. It’s the time of the week when you release news that you do not want to get wide play in the media.Disney announced in a filing with the Securities and Exchange Commission that Facebook’s COO Sheryl Sandberg and Twitter’s CEO Jack Dorsey would be stepping down  from their board positions with the Mouse House due to conflict of interest.

“Given our evolving business and the businesses Ms. Sandberg and Mr. Dorsey are in, it has become increasingly difficult for them to avoid conflicts relating to board matters,” Disney said in a statement.

This harkens back to when Steve Jobs asked Google’s chairman Eric Schmidt to leave Apple’s board since both companies were developing smartphones.

So is Disney chief Bob Iger developing a broad social media platform that he does not want Facebook or Twitter to know about?

I would assume that’s the case, since no one in Silicon Valley is looking to get into broadcast/cable network.

And what part of this has anything to do with the $52.4 billion acquisition deal with Rupert Murdoch’s News Corp?

As ad dollars shrink and move towards digital platforms the cut-throat nature of advertising budgeting and secret cross-platform programs may be the reason for the requests.

 

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