Disney, Facebook And Twitter Are Having Trouble Avoiding Conflicts

Sheryl Sandberg Chief Operating Officer of Facebook

Sheryl Sandberg Chief Operating Officer of Facebook

Facebook Chief Operating Officer Sheryl Sandberg and Twitter Chief Executive Jack Dorsey aren't up for re-election when the company holds its annual shareholder meeting March 8, in Houston, Texas, according to a regulatory filing.

The CEO of Twitter and COO of Facebook are leaving Disney's board due to conflicts of interest, as Disney gears up to launch a digital streaming service to rival Netflix.

"Given our evolving businesses and the businesses of Ms. Sandberg and Mr. Dorsey are in, it has become increasingly hard for them to avoid conflicts relating to Boad matters, and they are not standing for re-election", Disney said in a statement.

Neither has addressed their departure.

In the recent years, Twitter has signed deals with the NFL and MLB, among other sports leagues, to livestream certain games.

Disney has begun to delve into video programming, an area that Twitter and Facebook are also branching into. Dorsey's firm announced video streaming partnerships in May with 16 media companies, including some Disney competitors. That competes directly against Disney-owned ESPN offerings covering the same sport.


The changes will leave the Disney board with one fewer director than past year as the company pursues its proposed $52.4 billion acquisition of most of 21st Century Fox Inc.

Disney said former Starbucks CEO Orin Smith and private equity investor Robert Matschullat would exit the entertainment giant's board.

Two new members will step.

Safra Catz, co-CEO of software giant Oracle Corp., and Francis Desouza, head of Illumina Inc., will join the board on February 1.

CEO Bob Igler will continue to serve as chairman of the board.

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