In an unexpected announcement on July 19th, we learned thatDisneys Board of Directors has suddenly been reduced from 12 members to 11. The Walt Disney Company confirmed that Safra A. Catz, Chief Executive Officer of Oracle Corp., is exiting the Board of Directors after six years. Disney CEO Bob Iger commented on Catzs departure, saying, Throughout her tenure on Disneys Board of Directors, Safra...

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