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Sheryl Sandberg and Jack Dorsey are off Disney's board [CNNMoney.com]

FACEBOOK (FB)  More Company Research Source: CNNMoney.com
Last facebook earnings: 4/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
PDF Disney buying 21st Century Fox for $52.4 billion Two high profile tech executives are leaving Disney's board of directors over potential conflicts of interest. Neither Facebook COO Sheryl Sandberg nor Twitter CEO Jack Dorsey will be renominated to their positions on Disney's board, according to an SEC filing from Disney. 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 and they are not standing for re-election a Disney spokesman said in a statement. Dorsey had been on the board since 2013 and Sandberg has served since 2010. Both Facebook and Twitter have increasingly moved into the entertainment business in recent years. Twitter in particular has entered the sports broadcasting business, which could potentially cause conflict with ESPN, a Disney company. In addition to a partnersh [Read more]

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