Certainly, the outcome in Florida was not what many of us were hoping for, especially our LGBTQ+ employees." How did Disney stockholders react? But despite weeks of effort, we were ultimately unsuccessful. "And we were hopeful that our long-standing relationships with those lawmakers would enable us to achieve a better outcome. "We were opposed to the bill from the outset, but we chose not to take a public position on it, because we thought we could be more effective working behind the scenes, engaging directly with lawmakers on both sides of the aisle," Chapek told stockholders. Story continues Why was Disney initially silent in its opposition to the legislation?Ĭhapek read a statement at the company's annual stockholders' meeting on March 9 that explaining that tactic. Here's what we know: What was Disney's initial approach?ĭisney Chief Executive Officer Bob Chapek has taken criticism in recent months from some employees and shareholders over what his critics felt was Disney's muted response in opposing the Parental Rights in Education Act. The company responded to the fallout from Disney employees and stockholders - both in an open letter to employees and during the company's annual stockholders' meeting. Who is Randy Fine? Brevard Republican lawmaker's fight with Disney is only his latest battle in culture wars Is the magic still there? Disney fans react to feud with DeSantis, Florida lawmakersĪ smaller world for Disney? Florida lawmakers revoke special self-governing status The measure - which critics term the "Don't Say Gay" bill - includes provisions that limit instruction about gender identity and sexual orientation in grades K-3. The Legislature's action came in response to Disney criticism over the “Parental Rights in Education Act" that Gov. Under current law, Disney was able to collect collect taxes, follow its own building codes and provide emergency services for its six water and theme parks and its resorts.
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Under the legislation, the company's self-governed districts would be dissolved by June 2023. That silence leaves much unknown about how Disney will respond, and what its next steps will be. has been silent this past week over the Florida Legislature's decision to repeal a special taxing district that allows the company to self-govern its theme-park area.