Corporate statements do very little to change outcomes or minds, he wrote, and are often weaponized by one side or the other to further divide. So what Disney says means nothing? CEO Bob Chapek is less willing than Bob Iger to take public political stands including LGBTQ (The PAC splits its gifts equally between the parties.) 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Disneys decision to fold under the pressure of the lying-Left is disappointing.. As the controversy over the Parental Rights in Education bill was coming to a head, Chapek called me, DeSantis writes, he did not want Disney to get involved, but he was getting a lot of pressure to weigh in against the bill.. Powered and implemented by FactSet Digital Solutions. Squawk Box. For the past 18 months, Disney has fallen into the latter category as leadership has accidentally caused as many screw-ups as it has fixed. Former Disney CEO Bob Chapek last year complained to Florida Gov. That argument is correct, independent of where you may fall on the political spectrum. Ray Keating, an economist and editor of DisneyBizJournal.com, said when companies dive into politics, it rarely turns out and well. He is the guilty party. It sounds about right. Bob Chapek was tapped on Tuesday to succeedlong-time Disney CEO Bob Iger. The Mickey-Shaped Treats Trending Right Now! He will be the seventh CEO in Disney's nearly 100-year history. Many of them chose to retire or find other jobs rather than move to Florida. If passed, this bill will put vulnerable, young LGBTQ people in jeopardy., Biden had tweeted his opposition to legislation designed to attack LGBTQI+ kids.. Disney CEO Denies Political Leanings Following Gina Carano Firing During annual shareholder call, CEO Bob Chapek maintains the media giant isnt left leaning or right leaning, but instead stands for the universal values of respect, decency, integrity, and inclusion. A growing number of participants in the retreat were expressing reluctance with pressing ahead given the climate at the company. Deadline is a part of Penske Media Corporation. "Bob is probably the best qualified person in the company to take this job," Michael Nathanson, senior research analyst at MoffettNathanson, said on CNBC's "Closing Bell" Tuesday. People like me will say, Gee, how come Disney has never said anything about China, where they make a fortune? DeSantis told Chapek, according to the book. Bob Chapek was initially silent on Floridas controversial bill barring discussions of gender identity in school classrooms. FLORIDIOT: DeSantis Disney lackey thinks tap water makes you gay. "I obviously have huge shoes to fill," Chapek told CNBC's Julia Boorstin on "Closing Bell" Tuesday. REUTERS. Bob Chapek (C) Chairman of Parks, Experiences, and Products for the Walt Disney Company speaks during the dedication ceremony for the "Rise of the Resistance" attraction opening at Galaxy's Edge at Disneys Hollywood Studios on December 04, 2019 in Orlando, Florida. I want to be crystal clear: I and the entire leadership team unequivocally stand in support of our LGBTQ+ employees, their families, and their communities. We've received your submission. He agreed that the company should stand up more for the LGBTQ+ community in pursuit of more meaningful and lasting change. Signup for Breaking News Alerts & Newsletters. Everyone was attacking Governor DeSantis with bald-faced lies, and he was the one who stood for what he believed. A roundtable of eight Disney employees who represented many aspects of the LGBTQ+ community also shared their perspectives during the town hall. Disney CEO Bob Chapek is pausing all of the companys political donations in Florida following the passage of the Dont Say Gay bill, a major escalation in his feud Iger said he spent months personally getting to know Apple and Pixar founder Steve Jobs, Star Wars' creator George Lucas, former Marvel Chairman Ike Perlmutter and Fox controlling shareholder Rupert Murdoch. We need you to be there for us when it is hard and when it counts.. On top of the stock woes, Disney CEO Bob Chapek has become a punching bag for cultural critics. "Parks is a business where they use data to drive pricing and engagement," Nathanson said. Californias governor has similarly stated his desire to keep Disney on the West Coast in a place that actually represents the values of your workers.. Ron DeSantis said he advised former Disney CEO Bob Chapek to stay out of a political battle over legislation in his state limiting discussion of sex and gender in public schools, according to the Republican's forthcoming book. Sign up for free newsletters and get more CNBC delivered to your inbox. Read More. this site provides a list of businesses that are too woke and could cancel a client or a contract just for ones opinions on LGBTQ or race or something like that. What I suspect is that the people who formerly approved such shows arent with the company now. "If I werent a shareholder, Id find it amusing. On Monday, Disney and CEO Bob Chapek sent an internal memo following reports that the company had donated thousands of dollars to Florida representatives Questionable decision-making and actions by Disney post-covid may be why a petition to fire Bob Chapek has been brought to fruition. DeSantis signed the legislation into law this week that bars instruction on sexual orientation or gender identity in kindergarten through third grade. People are questioning DeSantiss comments. Chapek added, there is so much more work to be done and said he would continue to engage with the LGBTQ community in the coming weeks. In that scenario, someone less experienced with vetting is in charge. Bob Chapek at the Pinocchio premiere in December 2022. Chapeks statement comes after a week of criticism from fans and employees about his delayed reaction to the bill, which he opposed only after it passed both houses of the Legislature and was sent to DeSantis for his signature. Market data provided by Factset. It sounds about right. You will be redirected back to your article in, Paramount To Pay $122.5M To Settle 2019 Shareholder Lawsuit Over Viacom-CBS Merger, Film Independent Spirit Awards: Livestream + Latest Winners List, posted stellar financial results in February, Prolific Actor Dies At 61 After Aneurysm; Hollywood Reax + Career In Photos, Eyes $51M+ Opening In U.S., A Record For Rocky Spinoff Franchise & Amazon, SAG-AFTRA And Casting Directors Weigh In On Self-Tape Controversy, Oscar Winner Guillermo del Toro On The Films That Lit His Fuse. With Jobs, Iger said he "was never disappointed" with Disney's integration of Pixar. Ever since Chapek spoke up, critics on the right have condemned Disney as being too "woke" and even talked of boycotting the resort. Deadline is a part of Penske Media Corporation. Iger, 70, is leaving Disney after running the company from 2005 to 2020. "Once we did the deal, in fact, in the months before he died he came to he and his wife, Laurene, came to our house. In March, Disney became entangled in a heated dispute with Gov. Disney has *deep breath* eliminated Magical Express, exchanged free FastPasses for paid Lightning Lane experiences, required Park Passes, temporarily removed the dining plan and most annual passes, and raised many food/drink prices. Human Rights Campaign interim president Joni Madison says the LGBTQ organization has already been in touch with Bob Chapek after the Disney CEO committed to pausing all political donations in Florida following internal backlash over its initial silence around the Dont Say Gay bill. Get latest updates political news from Central Florida and across the state. Employees were walking out in protest and ranting to the media. Home; Video; Trump Investigations; Right Wing Extremism; Opinion; Impeachment; Corruption; Foreign Policy; The original town hall event was announced on March 2, and then on Friday was moved to today so people could attend Tuesdays walkout if they so chose. As many of its LGBTQ+ employees get set for a full-day walkout Tuesday, Disney has decided to postpone a management retreat set for next week as it continues efforts to calm internal waters. On Monday, Disney and CEO Bob Chapek sent an internal memo following reports that the company had donated thousands of dollars to Florida representatives that supported and voted for the Parental Rights in Education bill. Ron DeSantis over the pressure he was facing to weigh in against Floridas Parental Political Campaign Contributions. New York CNN . I can assure you of that. "Heres a suggestion for Disney CEO Bob Chapek: Get back to business, that is, excellence in storytelling, and stop wasting shareholders' money on political crusades that have nothing to do with Disneys business," Keating told Fox News Digital. Im with the President on this! Igerwrote. 2016 www.independentsentinel.com. In addition to pledging to enlist an outside adviser to guide the companys efforts, Chapek also is creating a companywide task force led by studios SVP Global Communications Paul Roeder and Disney Parks marketing executive Lisa Becket. And, we are committed to creating a more inclusive company and world, Chapek wrote in a memo to staff in March 2022. Interested in booking a Disney Vacation? Disney CEO Bob Chapek downplayed criticism of ABC News. Greg Abbott on a different front. Source: Critics have cited specific concerns over sections of the bill, including the vague wording about banning classroom instruction on sexual orientation or gender identity that isnt age appropriate that goes beyond the language about kindergarten through third grade. Wright then expounded at length on his political views. Before joining Disney, Chapek worked in brand management at ketchup maker H.J. In November 2022, longtime Disney CEO Bob Iger announced he was replacing Chapek after two years away from the company. Behind the scenes, I was not, as a father of children ages five, four, and two, comfortable with the continuation of Disneys special arrangement, DeSantis wrote in his memoir. This caused #FireGinaCarano to trend and eventually, she was. All Rights Reserved. The debut of "Disney Enchantment" during "The World's Most Magical Celebration" Walt Disney World Resort 50th Anniversary at Magic Kingdom on Sept. 30, 2021, in Orlando, Florida. FAQ - New Privacy Policy, New York Posts Karol Markowicz discusses how Disney is pushing back against Floridas parental rights bill and how she is quitting the park on Fox Business Tonight.. Alas, Chapek fell too deeply in love with the idea of increasing Disney+ subscriber numbers. Ron DeSantis said that ex-Disney CEO Bob Chapek complained to him about the pressure he was under from the left [WOKEs] to join in on the Governors new education bill restricting gender identity lessons, PK-3. Quotes displayed in real-time or delayed by at least 15 minutes. https://1792exchange.com/spotlightreports/. In it, the Disney leader said the company had not released a public statement condemning the bill, which was passed by the state legislation Tuesday and has been sent to DeSantis desk to be signed, because they are often weaponized by one side or the other to further divide and inflame., Sign up for THR news straight to your inbox every day. I think change, I think generally speaking, change is good. "It's development of a relationship," Iger said. Management has altered some aspects of the Disney vacation experience as a tactic to overcome the unprecedented challenges of March 2020 through today. Robert ChapekPolitical Campaign Contributions2016 Election Cycle. Iger said he's felt himself become increasingly dismissive of other people's ideas, a sign he should let someone else lead Disney. The Florida bill hasnt factored into investors views as of yet, though the companys stock has been languishing near a 52-week low. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. (Gerardo Mora / Getty Images). DeSantis signed the bill into law last March 28, which prompted Disney to publicly rip the new law and stand with Disneys LGBTQ employees and advocates in Florida. The kind of people who were the jokes on Portlandia are now in charge of producing childrens entertainment in America https://t.co/auyihRcdnO, SCOOP: Disney diversity and inclusion manager Vivian Ware says the company has eliminated all mentions of ladies, gentlemen, boys, and girls in its theme parks in order to create that magical moment for children who do not identify with traditional gender roles. Home; Video; Trump Investigations; Right Wing Extremism; Opinion; Impeachment; Corruption; Foreign Policy; WebCanada Disney CEO Bob Chapek Apologizes to LGBTQ Employees, Announces Pause for Political Donations in Florida variety This thread is archived New comments cannot be posted and votes cannot be cast 29K 7 1.6K Related Topics Politics 1.6K comments Best AutoModerator 1 yr. ago As a reminder, this subreddit is for civil discussion. Florida Gov. He will officially give up his chairman role at the end of the year. 2023 NYP Holdings, Inc. All Rights Reserved, 2024 frontrunner: Trump wins CPAC straw poll in a landslide, Ron DeSantis skips CPAC as organization faces scandals, Florida bill would require bloggers writing about DeSantis to share pay info, DeSantis rips other GOPers for acting like potted plants in face of woke ideology fight: report, Chapek, who had stayed silent on the bill, re-evaluate Disneys special tax district, called Reedy Creek, signing a law to strip Disney World of its Reedy Creek control on Monday. At this point, I felt confident he knew what he was doing because that was the right move. Of course, nobody does that unless they understand political machinations. Then, Chapek prioritized Disney+ as the core business model for the entire company. Unfortunately, theresnothing inclusive about the Dont Say Gay bill. This story has been shared 102,949 times. DeSantis signs bill stripping When everything is fine, but you unintentionally create your own drama, thats a sign that youre your own worst enemy. DeSantis backs down from his commitment to doing whats best for Floridas children and parents. It would allow parents to sue school districts for what it perceives to be violations of this law. By submitting your email to receive this newsletter, you agree to our. Signup for Breaking News Alerts & Newsletters. bob chapek political party (2022) Harriet Jacobs Children, Slick Slider Arrow Position , Wagon Wheel Old Crow Medicine Show Chords , World Most Perfect Face Male 2020 , How To Become An Affiliate Marketer , Abcmouse Increase Difficulty , Parotid Gland Whether Disney CEO Bob Chapek had considered this before multiple shareholders pressed him about this bill this week during Disneys annual investors call isnt clear. The bills Republican sponsors have also been more openly vocal about LGBTQ students, with Baxley complaining about everybody now all about coming out when youre in school.. It closed todays trading at $138.62, down 1%. To my fellow colleagues, but especially our LGBTQ+ community, thank you to all who have reached out to me sharing your pain, frustration and sadness over the companys response to the Florida Dont Say Gay bill, Chapek said in his letter. "Bob [Chapek] is going to address them probably differently perhaps than I may have. DeSantis retaliated by signaling publicly that he would be willing to re-evaluate Disneys special tax district, called Reedy Creek, and favorable corporate agreements due to its insistence on woke political activism. "Bob's legacy in the company is just profound. Chapek has not commented on the DeSantis report. They left for other gigs. But this time is different. HERITAGE ACTION CALLS OUT DISNEY: 'IT REALLY IS A WOKE WORLD AFTER ALL', "We all have the right to have our voices heard on issues, but not on the shareholders dime.". Mutual Fund and ETF data provided by Refinitiv Lipper. Powered and implemented by FactSet Digital Solutions. The Parental Rights in Education bill has passed the Florida Legislature and awaits the signature of Gov. He said he was overwhelmed by professionalism and objectivity of the news division but admitted Wright said some things on the Project Veritas video to make the company question his objectivity. We are hard at work creating a new framework for our political giving that will ensure our advocacy better reflects our values. This priority caused him to lose sight of the challenges in working with Hollywood talents. Send us a tip using our annonymous form. Iger planned to run for POTUS at one point. In totality, its one problematic mistake, though. Ousted Disney chief executive Bob Chapek is set to receive a hefty paycheck following his exit. Shares of the company fell less than 2% in extending trading Tuesday. Chapek took on the role of CEO back in February of 2020 from Bob Iger, right before the entire world shut down due to the COVID-19 pandemic. Original story, Wednesday morning: Disney CEO Bob Chapek said during the companys shareholders meeting on Wednesday that he will be meeting with Florida Gov. Reporters uncovered the fact that Disney had donated to the campaigns of several sponsors of the bill. WebBob Chapek. All Rights Reserved. Disney CEO Bob Chapek is facing a crisis of confidence in his leadership that is fueling an atypical level of turmoil at the top of the worlds largest entertainment company.. Carano last month raised the issue of a double standard in an interview with conservative commentator Ben Shapiro, noting that Pascal was not fired for a 2018 tweet comparing undocumented children in cages in the U.S. to Jews in concentration camps. Chapek seems content to stick his head in the sand when it comes to the pervasive anti-conservative bias across ABC News, just as his predecessor Mr. Iger always was. I am sorry.. DeSantis, a rumored 2024 presidential hopeful, has not yet announced if he will run. Mutual Fund and ETF data provided byRefinitiv Lipper. Still, DeSantis has continued to claim that Chapeks opposition is only because he hadnt bothered to read the bill, according to a DeSantis campaign email sent Thursday. or redistributed. Chapek had apologized multiple times to the LGBTQ community and vowed to suspend all political donations in Florida as a result. Park officials reeeeeaaally dont want headlines with racist chant in them.