A few things to note: this isn't the budget that Disney ended up having. This doesn't include Prints & Advertising. I'm assuming the picture also had a state tax credit for filming in NY and Penn. So the overall budget would probably be 10-15 million dollars less than itemized. It also looks like N.Night had a 3 picture deal at Disney.
Elon needs to step down and remove himself from the company. No one with any sanity would want to work in that environment right now. Proper leadership would be one great step towards fixing all of these issues.
First off he shouldn't have opened his mouth when came to this topic. Secondly, he's the wrong individual to speak on this matter, he sounds like someone that's coming from privilege. Next, when you examine the people in his lab from the past no one is person of colour. Beliefs that come into policy shouldn't reflect his thinking. Universities need to do a better job at creating better diversity for all students.
https://geosci.uchicago.edu/exoplanet-phd-graduates-from-the...
I'm talking about public companies that are listed on the exchange, private companies don't have a federal mandate to follow when it comes to governance.
Susan E. Arnold (executive of The Carlyle Group), Mary T. Barra (GM CEO), Safra A. Catz (CEO of Oracle), Francis A. deSouza (CEO of Illumina), Michael Froman (Vice Chairman and President, Strategic Growth at Mastercard), Maria Elena Lagomasino (CEO of WE Family Offices), Mark G. Parker (CEO of Nike), Derica W. Rice (Executive Vice President of CVS Health).
Almost half of the board is a CEO of another company, you think they care about P&L of Disney? The board is mandated with 3 committees which are the Audit Committee, the Compensation Committee and the Governance and Nominating Committee. None of the committees deal with P&L or stock price. The executive team deals with the day to day operations of the company, the CFO should be the one asking about P&L and not the board. The Disney board met 7 times in 2019. I doubt they spoke about the Star Wars or any film during that meeting.
The board doesn't care about Star Wars or any movie title, the board job isn't to care about revenue that a film brings in that's the executive leadership job.
Typical PR move by Boeing, they're going to start beating the drum on accountability and turning a new corner. Which is all BS, but executive leadership will be applauded on wall street for their efforts. Sad to see especially when you consider the role the company has around the world.
They look out for the shareholders of the company. Since Mark Zuckerberg owns a majority of the voting shares, the board basically runs as a formality for him. The industry plays no real role on the board.
This seemed like a likely outcome when he was stripped of his chairman role, the board needed a sacrificial lamb and he was it. Given the nytimes article yesterday the board deciding to cut ties during the week of Christmas is very telling. Muilenburg was not the CEO during the 737 MAX initial approval and served as the president for the defense side of Boeing, he was dealt a bad hand. However, the ensuring crisis showed he was not a crisis manager and had difficulties navigating the PR crisis that followed. But, the take home from all of this is that the brand took a big hit to its reputation.