Twitter's Dorsey to leave Disney board
LOS ANGELES (Reuters) - Facebook Inc Chief Operating
Officer Sheryl Sandberg and Twitter Inc Chief Executive Jack Dorsey
will not seek re-election to Walt Disney Co's board because of
growing conflicts of interest between the media giant and the
technology companies, Disney said on Friday.
Disney is moving heavily into online delivery of its TV
shows and movies as viewers abandon traditional cable, and at one
point had explored an acquisition of Twitter. At the same time,
Twitter and Facebook are trying to attract audiences to video
content on their platforms.
"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," Disney said in a