[late2part]

What are you going on about? The board represents the shareholders, and cares about the stock price, which is influenced by the P&L of various projects.

So it is very reasonable for the board to care. I've seen Board Members spend dozens of hours on a $20k sale for a company.

[allen3]

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.

[CamouflagedKiwi]

Of course the board would be concerned if they feel the company is failing to execute on one of its core properties. They're not chatting about films for fun, they acquired Lucasfilm for $4B and it's not unreasonable for them to be concerned that money's not been used as well as it could have been.

[late2part]

I think you are confusing the documented policies with how the world actually works.

[allen3]

I think you don't understand corporate governance, because you seem naive of what the board is actually responsible for.

[late2part]

Perhaps I am. But I have observed that some people will tend to do more than that for which they are responsible.

[allen3]

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.