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    Home » Facebook names PayPal exec to board; Netflix CEO leaving

    Facebook names PayPal exec to board; Netflix CEO leaving

    By SHOOTFriday, April 12, 2019Updated:Tuesday, May 14, 2024No Comments2707 Views
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    In this Sept. 15, 2014, file photo, Netflix CEO Reed Hastings arrives for the 'Netflix' Launch Party in Paris. (AP Photo/Jacques Brinon, File)
    SAN FRANCISCO (AP) --

    Facebook is nominating to its board of directors a PayPal executive who recently served as finance chief of the charitable organization run by CEO Mark Zuckerberg and his wife Priscilla Chan.

    Peggy Alford would be the first African American woman to serve on Facebook's board. Her naming follows pressure from civil rights groups on the company to diversify its board.

    Meanwhile, Netflix CEO Reed Hastings and former White House chief of staff Erskine Bowles are stepping down from Facebook's board. Both served since 2011. Hastings leaves Facebook as the social media company is getting increasingly into video offerings, potentially competing with Netflix.

    Disney CEO Bob Iger, however, said earlier Friday that he's not leaving Apple's board, despite both companies now streaming video.

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    Tags:DisneyFacebookNetflixPeggy AlfordReed Hastings



    Sphere taking shape in National Harbor

    Monday, January 19, 2026
    Artist rendering of Sphere National Harbor (photo from Sphere Entertainment and Peterson Companies)

    Sphere Entertainment Co. (NYSE: SPHR), the State of Maryland, Prince George’s County, and Peterson Companies have revealed their intent to develop a new Sphere venue--which would be the second in the U.S. and first to utilize a smaller-scale design model--at National Harbor, a premier destination in the Washington, D.C. metropolitan area. The addition of Sphere would create a new Maryland landmark that drives significant economic, cultural and community benefits for the County, State, and region, and provides unparalleled immersive experiences powered by advanced technologies. “Our focus has always been on creating a global network of Spheres across forward-looking cities,” said James L. Dolan, executive chairman and CEO, Sphere Entertainment. “Sphere is a new experiential medium. With a commitment to bringing innovative opportunities to residents and visitors, Governor Moore, County Executive Braveboy, the State of Maryland, and Prince George’s County recognize the potential for a Sphere at National Harbor to elevate and advance immersive experiences across the area.” “Maryland has a long history of providing world-class entertainment and we could not be more excited to work with Sphere Entertainment to bring this cutting-edge project to life,” said Governor Wes Moore. “This will be one of the largest economic development projects in Prince George’s County history--proving once again our state is the best place in the country to bring dreams to life. We’re excited for what this means for our people, and how it will showcase the best of what Maryland has to offer to everyone who visits.” “This is a world-class win and an incredibly exciting moment for Prince George’s County. This achievement reflects the strong partnership we have... Read More

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