A Disney investor claimed the Mouse House created a “far-reaching” financial risk for itself by opposing Florida’s controversial so-called “Don’t Say Gay” bill, according to a new lawsuit.
By criticizing the law, Disney lost control over tax and improvement issues on the Orlando-based theme park, the suit said. The “Don’t Say Gay” conflict blew up under Disney’s former CEO Bob Chapek, who initially wobbled on his response to the bill, opting not to weigh in. Drawing ire from Disney employees, Chapek came out against the bill, vowing that Disney would pause all political donations.
Companies are supposed to be accountable to their shareholders. The political actions taken by Disney have had a direct impact in their stock value.
Groomers
Go woke, go broke!
Funny thing is that this is a true first ammendment cases. Can the government punish someone for political speech. This case is more likely to help Disney
Disney, in particular, should not support anything regarding children that is controversial. Children are the main reason they exist and parents protect their children.
Doubt. Woke capitalism is popular out side of Florida.