Disney's video streaming plans mean Twitter's Jack Dorsey and Facebook's Sheryl Sandberg have to leave its board


sheryl sandberg facebook coo
Sheryl
Sandberg, chief operating officer of Facebook, listens during a
meeting of technology executives and President-elect Donald Trump
at Trump Tower, December 14, 2016 in New York
City.

Drew Angerer/Getty
Images


The CEO of Twitter and COO of Facebook are leaving Disney’s board
due to conflicts of interest, as Disney gears up to launch a
digital streaming service to rival Netflix. 

On Friday, the entertainment giant announced that chief operating
officer Sheryl Sandberg and chief exec Jack Dorsey will not not
be seeking re-election to its board. 

For years, companies like Facebook and Twitter have insisted that
they are technology firms rather than traditional media
companies. But in recent months they have faced increased
scrutiny over their responsibility for the media that appears on
their platforms. Meanwhile, Disney
is preparing to move more directly into the technology space with
the launch of a major streaming service in 2019
 — and so
the two senior execs and the entertainment company are parting
ways.

“Given our evolving businesses and the businesses of Ms. Sandberg
and Mr. Dorsey are in, it has become increasingly difficult for
them to avoid conflicts relating to Boad matters, and they are
not standing for re-election,” Disney said in a statement.

Robert Matschullat, former Seagram Company vice chairman, will
also leave Disney’s board because the company limits service to
15 years, the company said. Orin Smith, former CEO of Starbucks
Corp, will depart — due to rules that specify retirement at age
74.

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