Sheryl Sandberg, Jack Dorsey Won't Seek Re-Election to Disney Board

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Disney says Twitter CEO Jack Dorsey and Facebook COO Sheryl Sandberg won't seek re-election to its board over conflicts of interests.

"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.

Facebook has escalated efforts around video programming, a lucrative growth area for the company's advertising business, which brought in $10.1 billion past year.

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Twitter and Facebook executives are running into some problems with Disney.

In 2017 Twitter signed a deal with the NFL that would allow the company to run a 30-minute show on the social media platform five days a week during football season. In September it announced it was allowing its deal with Netflix to lapse so that it could launch its own streaming movie service in 2019.

Facebook also streamed 15 college football games previous year as part of a deal with Stadium.

Lead independent director Orin Smith, former CEO of Starbucks Corp, also will leave Disney's board, because of rules that specify retirement at age 74, the company said.

Northern Capital Management LLC Purchases 10898 Shares of QUALCOMM, Inc. (QCOM)
The company was maintained on Thursday, September 29 by Argus Research. (NASDAQ:EPZM) on Thursday, November 2 with "Buy" rating. Zacks Investment Research lowered QUALCOMM from a "hold" rating to a "sell" rating in a report on Wednesday, September 20th.

Private investor Robert Matschullat is also leaving after having served the board's maximum 15-year limit.

Two years ago Disney had made acquisition moves for Twitter, Dorsey's company and Twitter and Facebook had also bid for and won the rights to stream live sporting events, a bedrock business for Disney and its ESPN network.

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.

Western Digital Corp's (NASDAQ:WDC) Sentiment is 1.12
The data storage provider reported $2.30 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.12 by $0.18. Northern Tru has invested 0.08% in Western Digital Corporation (NASDAQ:WDC). 632,550 were accumulated by Deutsche Bank Ag.

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

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