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close video Florida CFO Jimmy Patronis on Disney v. DeSantis drama: Disney ‘has a Disney problem’

Florida Chief Financial Officer Jimmy Patronis discusses a state law prohibiting banks from using political factors in lending decisions, the DeSantis vs. Disney battle and the jobs boom.

The Walt Disney Company announced Senior Executive Vice President and Chief Financial Officer Christine McCarthy is stepping down and will take a medical leave of absence.

ROUND 3 OF DISNEY JOB CUTS STARTINGTicker Security Last Change Change % DIS THE WALT DISNEY CO. 91.82 -1.16 -1.25%

McCarthy has also butted heads with company CEO Bob Iger and other top executives over strategy, including how the company spends money on content and a restructuring plan to streamline the entertainment giant, a person familiar with the matter told The Wall Street Journal.

Christine McCarthy, senior executive vice president and chief financial officer of The Walt Disney Co., listens during the Milken Institute Global Conference in Beverly Hills, California, on April 29, 2019. (Kyle Grillot/Bloomberg via Getty Images / Getty Images)

"Although I am leaving the CFO role, I look forward to helping with the transition and will always be rooting for the success of my extended Disney family, who have shown time and again that determination, teamwork and the pursuit of excellence are an unstoppable combination," McCarthy said in a press release.

Disney CEO Bob Iger attends a basketball game between the Los Angeles Clippers and the Phoenix Suns at Crypto.com Arena in Los Angeles on April 20, 2023. (Allen Berezovsky/Getty Images / Getty Images)

DISNEY CEO BOB IGER BLASTS FLORIDA GOV. DESANTIS FOR 'RETALIATING' AGAINST COMPANY

Meanwhile, Iger said McCarthy is "one of the most admired financial executives in America, and her impact on The Walt Disney Company during 23 years of dedicated service cannot be overstated."

McCarty was reportedly one of the executives who persuaded Iger to return as CEO after a tumultuous tenure under Bob Chapek amid social and political firestorms including the media giant's battle with Florida Gov. Ron DeSantis. 

Disney CEO Bob Chapek attends the 94th Annual Academy Awards at Hollywood and Highland in Hollywood, California, on March 27, 2022. (David Livingston/Getty Images / Getty Images)

DISNEY SHARES SLIDE AS STREAMING SUBSCRIBERS DROP

Effective July 1, Disney Executive Vice President and Chief Financial Officer of Disney Parks, Experiences and Products Kevin Lansberry will take over the job and serve as the company’s Interim CFO.

Disney .

Disney shares have gained over 5% this year, trailing the S&P 500. 

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Social Security numbers are a privacy liability

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Social Security numbers are a privacy liability

Hundreds of millions of SSNs have been leaked online already, but a privacy-focused identity solution could help fix the problem.

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UK

University of Essex students named as victims after car crashed into building in Colchester

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University of Essex students named as victims after car crashed into building in Colchester

Four university students who died when a car crashed into a building have been named by Essex Police.

The crash happened at around 4.40am on Saturday morning on Magdalen Street in Colchester.

Police have named the victims as University of Essex students Makyle Bayley, 22, Eva Darold-Tchikaya, 21, Anthony Hibbert, 24, and Daljang Wol, 22.

The university’s acting vice-chancellor Professor Maria Fasli said they “played an active role in our community through clubs and societies” and had “young lives filled with hope, promise, talent, and dreams for the future”.

“Anthony and Daljang were outstanding members of our Essex Rebels men’s basketball first team, Makyle was a talented basketball player who was a member of our BUCS basketball team and Eva undertook several roles in our Essex Blades Dance Club and was active in many other clubs and societies,” she said in a statement.

“Their loss will be felt by their families and closest friends and by all our university community. In classrooms, in halls, in shared moments of laughter and learning – they were part of us, and their absence will be felt profoundly.”

The scene of the collision in Colchester.
Pic: Essex Police
Image:
The scene of the collision in Colchester. Pic: Essex Police

Professor Fasli said the university would share details in the coming days of “a time and place for our university community to gather in remembrance”.

The University of Essex said in a statement “our whole university is in mourning”, adding: “They touched the lives of so many of us at Essex; their friends, classmates, the teams they played for, and the staff with whom they spent time.

“It is impossible to imagine the loss being felt by their families and many friends. Our thoughts are with everyone who knew them at this terrible time.”

Essex Police asked anyone who saw a black Ford Focus being driven along Magdalen Street or in the near vicinity around the time of the crash, or who has any CCTV, dash-cam or doorbell footage, to contact them.

Temporary Assistant Chief Constable Stuart Hooper said: “I want to extend my condolences to the friends and family of Makyle, Eva, Anthony and Daljang.

“This will be an incredibly difficult time for them and we have specialist officers supporting them.

“Our specialist serious collision investigation unit is investigating what led up to the collision but at this stage we do not believe any other vehicles were involved.”

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Flowers left at scene as community pays tribute to two children killed in hit-and-run crash

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Flowers left at scene as community pays tribute to two children killed in hit-and-run crash

Tributes have been paid to two children who died following a hit-and-run crash in Essex.

Police were called after reports that a boy and a girl were in a collision with a car on Ashlyns in Pitsea around 6.25pm on Saturday and the vehicle failed to stop at the scene.

The youngsters – a nine-year-old girl and a 16-year-old boy – died despite emergency services’ efforts to save them, according to Essex Police.

Around 20 members of the local community, including children, gathered together on Sunday and left tributes, including flowers, at the junction between Ashlyns and Walthams.

One card left by a member of staff at a school read: “I’m so sorry that you have both been taken away, far too young.

“My thoughts and prayers are with everyone that had the joy to know you both, especially your family.”

‘Taken too soon’

Another read: “You were both taken too soon. You will never be forgotten.”

Locals said one of the children was of secondary school age.

A card that appears to have been left by a teacher – alongside a bunch of flowers – paid tribute to “Roman”. It described them as “such a good kid” and a “joy to teach in PE”.

Flowers and a card at the scene paid tribute to 'Roman'. Pic: PA
Image:
Flowers and a card at the scene paid tribute to ‘Roman’. Pic: PA

Essex Police have arrested a man and woman on suspicion of causing death by careless driving and failing to stop at the scene.

Both are still in custody.

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Police are appealing for any CCTV, dashcam or other footage related to the incident to contact them.

In a statement on Saturday, Essex Police’s temporary assistant chief constable Stuart Hooper said: “My thoughts are with the friends and family of the girl and boy who have died this evening.

“Specialist officers are supporting them at this truly unimaginably difficult time. Our officers will be carrying out inquiries in the area this evening to establish the circumstances which led up to the collision so if you saw anything or have any information please get in contact.”

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