Former Disney CEO Bob Chapek last year complained to Florida Gov. Ron DeSantis. "Our goal as a company is for this law to be repealed by the legislature or struck down in the courts, and we remain committed to supporting the national and state organizations working to achieve that. Disney CEO Bob Chapek downplayed criticism of ABC News. Marketing cookies are used to track visitors across websites. (Getty Images. Earlier this month, Disney CEO Bob Chapek spoke out on the pro-Trump mob attack on the US Capitol. Bob Chapek Bob Chapek Madison addressed The Walt Disney Companys latest pledge during the LGBTQ advocacy groups annual Los Angeles dinner, held Saturday night at the JW Marriott LA Live Hotel. Ron News Analysis. Im with the President on this! Igerwrote. A Complete Timeline of the Battle Between Gov. Ron DeSantis and "Look, the world is changing dramatically, and it's important for the CEO of a company to address all of those changes rapidly," Iger said. Chapek has a career as an American media executive. In totality, its one problematic mistake, though. And Laurene and Steve and [Iger's wife] Willow [Bay] and I sat down at a dinner, and he toasted to the deal we had done some years earlier, convinced that it was the right thing to do for Disney and for Pixar. HB 1557/SB 1834, dubbed the Dont Say Gay bill,would seek to ban classroom discussion on sexual orientation and gender identity in kindergarten through third grade and has been labeled a government censorship bill by the ACLU of Florida. Fridays move came after Chapek announced in a Disney shareholder meeting Wednesday that the company would pledge $5 million to LGBTQ organizations focused on legal protections for the community a donation HRC rejected the same day. This is not just about Bob Chapek and Disney, she told the audience. 2023 Deadline Hollywood, LLC. 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. Ray Keating, an economist and editor of DisneyBizJournal.com, said when companies dive into politics, it rarely turns out and well. Everyone knew that was a lie. DeSantis in new book says Disney CEO complained of pressure "I obviously have huge shoes to fill," Chapek told CNBC's Julia Boorstin on "Closing Bell" Tuesday. This story has been shared 102,949 times. Disney has since stated it will no longer donate to political campaigns. In a second memo to Disney workers, Chapek said Disney was suspending all political donations in Florida. Reporters uncovered the fact that Disney had donated to the campaigns of several sponsors of the bill. It closed todays trading at $138.62, down 1%. Keating, who has written about how Disney's activism is bad for business, said Disney's decisions on the Florida bill has meant the company is catching heat from both sides of the political spectrum. Someone will be now, though. Disney shows off its post-Iger politics | CNN Business 11. In his book, the Florida governor says the Disney sagas lesson is that in an environment of woke capital where large companies employ their influence to advance left-wing political agendas, old-guard corporate Republicanism is not up to the task at hand.. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Iger credited his ability to get founders to sell him assets to his intense focus on building personal relationships. Still, if the economy ever suddenly suffered a setback, this unforced error would magnify in scope. Iger acknowledged Chapek likely won't make the same decisions he would have made as future problems arise. This website uses cookies to improve your experience. Initially, complaints arose about the fact that Disney wasnt letting the drill team wear their headdresses. Former Disney CEO Bob Chapek privately complained to Florida Gov. Questionable decision-making and actions by Disney post-covid may be why a petition to fire Bob Chapek has been brought to fruition. Parents would be able to sue school districts over the issue. HRC Responds to Disney CEO Bob Chapek Pause on Political Ron DeSantis over the pressure he was facing to weigh in against Floridas Parental Rights Education bill, known as the Dont Say Gay bill, according to DeSantis new memoir. 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A recent CNBC article referenced Chapeks perceived lack of emotional intelligence. In March, Disney became entangled in a heated dispute with Gov. Chapek learned a harsh lesson that potential political allies behind closed doors are all too happy to attack Disney in the media for personal gain. All rights reserved. Iger and the Disney board's decision to give Chapek the job surprised Wall Street and Disney executives, especially after Iger had repeatedly pushed off his retirement to stay as Disney's CEO. Feature Image: Marc Piasecki/Getty Images, Tags: Bob ChapekBob IgerChapekDisneyLake NonaThe Walt Disney Company. It hasnt gone away. 2023 CNBC LLC. The bias is blatant. 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. We cant say if he told DeSantis, but why wouldnt he tell him? "Parks is a business where they use data to drive pricing and engagement," Nathanson said. Photo Credit: AP Photo/Richard Drew, File. Disney chief executive Bob Chapek speaks during a ceremony on Sept. 11, 2015, at Hong Kong Disneyland. Ron DeSantis. New York CNN . While the Walt Disney Company and its executives had a right to indulge in woke activism, Florida did not have to place the company on a pedestal while they do so especially when the companys activism impacted the rights of parents and the well-being of children, DeSantis added. We want to hear from you. And I think thats a world we should all live in harmony and peace., Disney+ Tops 100 Million Subscribers , CEO Bob Chapek Says. REUTERS. All of the companys three major content suppliers Marvel, Pixar and Lucasfilm have been publicly critical of the companys handling of the situation. Chapek is a liar. Disney CEO Bob Chapek now claims he wants the company to be everything for everyone after he caved to the woke mob and fought the anti-grooming law in Florida. Bob Chapek This material may not be published, broadcast, rewritten, The Parental Rights in Education bill has passed the Florida Legislature and awaits the signature of Gov. 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. Iger told Disney staffers in November that he didnt like that the Mouse House was embroiled in controversy and that he would work to quiet things down.. Iger also discussed his strategy around buying animation studio Pixar, comic book and action hero company Marvel Entertainment, and Lucasfilm, home of Star Wars. pic.twitter.com/OWsGTUoeCA, Christopher F. Rufo (@realchrisrufo) March 29, 2022, SCOOP: Ive obtained video from inside Disneys all-hands meeting about the Florida parental rights bill, in which executive producer Latoya Raveneau says her team has implemented a not-at-all-secret gay agenda and is regularly adding queerness to childrens programming. REUTERS. "Mr. 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. Chapeks ill-considered ruling last year would force those people to move to a place where they already feel unwelcome. 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. We get pressured all the time, Chapek told DeSantis, according to the governors book. Disney did not return requests for comment. (Gerardo Mora / Getty Images) Under pressure from LGBTQ activists and progressive employees some of whom who have walked out of the job in protest At this point, I felt confident he knew what he was doing because that was the right move. The weeklong mess also elicited criticism from the right, as Fox News picked up on the DeSantis administrations portrayal of what they derided as woke Disney trying to get the state to change its ways. Bob Chapek Disney employees skew toward the pro-vaccine and anti-Dont Say Gay side, which is California, not Florida. All rights reserved. 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