The bloodbath in the Disney C-Suite is way more entertaining than anything they're putting onscreen these days.
Friday, it was announced that CFO Christine McCarthy was stepping down for "family medical leave", no other explanation given. Naturally, rumors and theories are being thrown around (See: Arkhaven and ClownfishTV for their takes), but things have gotten even more interesting since it was announced late last night that Chief Diversity Officer Latondra Newton was also leaving the company. (again, Clownfish TV since they were the first that I saw to drop this).
I'm surprised that the DEI Commissar is leaving, given how corporations have been doubling down on the wokeness well past the Turned To Shit point; however, 'Elemental' bombing this weekend is just one more failure for the wokites at Disney and I'm curious if she is being failed upwards or genuinely shitcanned and what it was Iger needed to pull of to get her out of there.
On the other hand, the CFO dipping doesn't surprise me at all. Disney had to settle with a whistleblower who reported the company to the SEC for cooking the books, and McCarthy was name checked in a lawsuit concerning the financial state of Disney. "Family Medical Leave" was probably her getting to save face and leave with her dignity somewhat intact.
Developing, and I think this may be something to keep an eye on given how politically connected Disney is. Also, could this be a sign that the BlackRock money machine isn't as solid as we think?
Re: the CFO leaving:
I follow Kamran Pasha, an ex Hollywood writer who still has sources in the industry. He's been scooping a lot of stories way ahead of MSM.
His theory is that Disney lost billions in FTX. That could explain why Chapek was fired: he was about to discover the loss, and was about to report it to the board.
Since he made that theory, more stories are supporting his theory. EG: Disney hired some fishy accountants to cook the books to hide this loss.
You can find Kamran on:
Some of the comments in the ClownfishTV videos brought up Kamran and his theory about FTX and Bob Chapek. It makes sense to me, but I think it's just one part of the puzzle.
It's been awhile, but I used to watch Midnight's Edge and Critical Drinker and I enjoyed Kamran's insider view on how badly Hollywood sold out to China.