Photo Credit: AP Photo/Richard Drew, File. The nearly century-old company has been dragged for becoming too politically correct, famously clashing with Republican Chapeks initial responses to the bill were tepid at best, as he wanted to maintain solid relationships with the legislators. I was glad to speak to Bob yesterday afternoon, and we had a very productive conversation about the need for Disney to put real muscle into stopping whats happening to their employees and to their fans.. Theyve invested millions of dollars in donations to political parties and more over the last 25 years, theyve given in-kind donations (like tickets to the parks and hotel stays) to political parties, and theyve hired lobbyists. 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. 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.. As a new CEO, he was easily victimized. 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. Bob Chapek was initially silent on Floridas controversial bill barring discussions of gender identity in school classrooms. Ron] Desantis desk vetoed. ", FLORIDA REPUBLICANS CONDEMN 'WOKE' DISNEY, URGE MORE BOYCOTTS BY CONSERVATIVES AGAINST THE 'ACTIVIST MACHINE'. Kathleen Kennedy Cites Impact Of Women, Artists Of Color And LGBTQ On Industry Amid Disney Dont Say Gay Backlash PGA Awards. Subscribe for full access to The Hollywood Reporter, Interim president Joni Madison confirmed she and Bob Chapek "had a very productive conversation about the need for Disney to put real muscle into stopping what's happening to their employees and to their fans.". 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. It is clear that this is not just an issue about a bill in Florida, but instead yet another challenge to basic human rights, Chapek said at the time. 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. New York CNN . He said the company was increasing support for advocacy Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. 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. As always, keep checking back with us here at BlogMickey.com Contribution This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Chapek cared too much about his needs and not enough about those of others. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. Management has altered some aspects of the Disney vacation experience as a tactic to overcome the unprecedented challenges of March 2020 through today. Amid the melee, DeSantis issued a warning over Disney getting involved in the legislation. Got a confidential news tip? TV. 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. The thought process here stems from the high cost of real estate in California relative to Florida. He lied and supported the victimization of children. 02:35. https://1792exchange.com/spotlightreports/. Parents would be able to sue school districts over the issue. 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. It sounds about right. Ron DeSantis, who accused the company of being woke a day earlier for opposing the bill. Disney acquired the majority of Fox's assets in 2019. Its going to be a recurring theme here. When you face challenges and screw up, thats totally understandable. Bob Chapek was tapped on Tuesday to succeedlong-time Disney CEO Bob Iger. Iger acknowledged Chapek likely won't make the same decisions he would have made as future problems arise. Chapek has a career as an American media executive. Ron DeSantis speaks at a press conference at the Eau Gallie High School aviation hangar on March 22, 2021. March 7th, 2022 Then-Disney CEO Bob Chapek comments further on the matter via an internal Disney memo. Subscribe to Deadline Breaking News Alerts and keep your inbox happy. Even so, Disney has strengthened the belief that its park price increases are out of control. Disneys CEO transition from Bob Iger to Bob Chapek marked a shift from an outspoken, famous CEO with political ambitions, to a largely unfamiliar name whose 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. During the evening, Charlee Corra also took the stage and announced that he along with parents Sheri and Roy P. Disney, the great-nephew of Walt Disney, would match $250,000 in donations to HRC. A Division of NBCUniversal. DeSantis wrotethat Chapek and Disney ultimately caved to leftist media and activist pressure and pressed the false narrative against the bill.. What about the Disney black list? he asked. When everything is fine, but you unintentionally create your own drama, thats a sign that youre your own worst enemy. The email said a member of his staff would hand-deliver a copy of the bill to Disneys Orlando headquarters and asked for gas money to get him there. Powered and implemented by FactSet Digital Solutions. On top of the stock woes, Disney CEO Bob Chapek has become a punching bag for cultural critics. "Right now, the course that Bob has laid is one that we fully intend to follow and I think will pay dividends for our shareholders for years to come," he said. ABC NEWS SUSPENDS DAVID WRIGHT FOR REMARKS MADE IN PROJECT VERITAS VIDEO. The bias is blatant.. ", WATCH: Disney's Bob Iger turns CEO job to Chapek. By submitting your email to receive this newsletter, you agree to our. But as he reflected on his answers, he realized "times change," and said he was saying no too quickly. It sounds about right. The other way that Disney got hit from the left and right happened last week. With Jobs, Iger said he "was never disappointed" with Disney's integration of Pixar. Theyve invested millions of dollars in donations to political parties and more over the last 25 years, theyve given in-kind donations (like tickets to the parks and hotel I think my role is not to take the strategic pillars he's so well established over the last 15 years and continue to work on those and implement those in the marketplace, most importantly our direct-to-consumer initiatives, but at the same time look around the corner for what disruption might be going on in the marketplace that would necessitate a fresh look at those things.". We need Disneys partnership in getting the bills heading to [Gov. 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.. DeSantis backs down from his commitment to doing whats best for Floridas children and parents. Meet a Disney Cast Member Advocating for Accessible Technology, Where Was Grogu During The Sequel Trilogy? 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. Of course, nobody does that unless they understand political machinations. 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. Chapek absolutely should have spoken with her first. A 27-year veteran of the Walt Disney Company, Chapek, 60, has a proven track record with consumers having been instrumental in the growth of the company's parks, consumer products and studio film businesses. Disney has been able to build a robust library of kids movies while using the IP to churn out spinoffs and sequels, adding new content to its flagship streaming service, Disney+, to keep people paying month after month. Knowing my grandchildren will never experienced true Disney magic without political agendas. In addition to addressing Disney directly, Madison also acknowledged that the issue is much larger than the single company. Chapek has been overseeing the company's parks, experiences and products division since those divisions were combined in 2018. 2023 FOX News Network, LLC. The controversial Project Veritas is the same group that published footage of ABC anchor Amy Robach claiming ABC News executives killeda story that would have exposed the now-deceased sex offenderJeffrey Epsteinthree years ago. Signup for Breaking News Alerts & Newsletters. "I am sorry. ", Nathanson said the selection of Chapek was not a surprise and a "win-win for the company.". 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. The Florida bill hasnt factored into investors views as of yet, though the companys stock has been languishing near a 52-week low. In truth, the only decision I believe Disney shouldnt have made is the removal of Magical Express. News Analysis. Former Disney CEO Bob Chapek privately complained to Florida Gov. All rights reserved. Bob Chapek's time as the CEO of Disney has been tumultuous, to say the least. The more combustible of those situations unfolded over House Bill 1557, the so-called Dont Say legislation. Former Disney CEO Bob Chapek privately complained to Florida Gov. Mutual Fund and ETF data provided by Refinitiv Lipper. The bill bars teachers from discussingLGBTQtopics like sexual orientation or gender identity with students until after third grade. 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. Interested in booking a Disney Vacation? Change isn't necessarily bad.". Republicans argued the bill protects parental rights, while Democrats and LGBTQ groups contend it was intentionally vague and could have a chilling effect on teachers and students. Then, Chapek prioritized Disney+ as the core business model for the entire company. That explains the inconsistency. Powered and implemented byFactSet Digital Solutions. 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. 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? But, thus far, theyve had no impact on the bottom line, as Disney just claimed its second-best park performance ever for a fiscal quarter. A Disney shareholder is speaking out against the company's involvement in Florida politics by actively opposing the Republican-led "Parental Rights in Education" bill championed by Republican Gov. Im a devout believer that the least excusable mistakes stem from self-inflicted wounds and unforced errors. Chapek and his team had decided that Florida made more sense as a home base. Chapek wrapped up the session and thanked all of the participants. All of the companys three major content suppliers Marvel, Pixar and Lucasfilm have been publicly critical of the companys handling of the situation. All Rights Reserved. Bill Mahers Real Time Questions The Paths Taken By Disney, TLC, A&E & History Channel. We want to hear from you! 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. Market data provided by Factset. Im with the President on this! Igerwrote. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. WebBob Chapek. Get our latest storiesin the feed of your favorite networks. Send us a tip using our annonymous form. People that do something very wrong then make excuses are evil. FLORIDIOT: DeSantis Disney lackey thinks tap water makes you gay. We want to hear from you. Legal Statement. The Hollywood Reporter is a part of Penske Media Corporation. A growing number of participants in the retreat were expressing reluctance with pressing ahead given the climate at the company. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. ABC News declined to comment when reached by Fox News. Disney CEO Bob Chapek admitted at Disneys 2022 Annual Meeting of Shareholders that he had been actively opposing the bill through back channels despite previously sending out an email to his employees claiming the company would not be taking a stance on the bill. (AP Photo/Kin Cheung / AP Newsroom). Chapek has a career as an American media executive. The actress was let go from the popular Lucasfilm and Disney series on Disney+ after she took to social media to, as Lucasfilm described it, post abhorrent material that compared the current divided political climate in the U.S. to Nazi Germany. Iger planned to run for POTUS at one point. This story has been shared 102,949 times. You can look at the comments section for any Disney discussion, and its an inevitable statement from some. Alas, Chapek fell too deeply in love with the idea of increasing Disney+ subscriber numbers. Under pressure from LGBTQ activists and progressive employees some of whom who have walked out of the job in protest Disney's Chapeks eventually criticized the Florida legislation, paused all political giving in Florida and apologized to employees. I can assure you of that. It hasnt gone away. Bob Chapek was tapped on Tuesday to succeed long-time Disney CEO Bob Iger. 2023 CNBC LLC. (Gerardo Mora / Getty Images) Under pressure from LGBTQ activists and progressive employees some of whom who have walked out of the job in protest 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.. They allegedly alsomade the workplace environment hostile. We are hard at work creating a new framework for our political giving that will ensure our advocacy better reflects our values. Walt Disney CEO Bob Chapek is pausing all of the companys political donations in Florida after the passage of the dont say gay bill and apologized to employees for his silence during the months-long debate on the measure. People are questioning DeSantiss comments. Data is a real-time snapshot *Data is delayed at least 15 minutes. Period. Wright was recently disciplined by higher-ups at ABC News. It wasn't the reason I left, but it was a contributing factor.". Disney CEO Bob Chapek recently responded to accusations of a company double standard during the Q&A portion of Disneys annual shareholder meeting.One shareholder held that Gina Carano was fired due to her conservative views, rather than the offensive nature of her fateful post, noting, as others have, that left-leaning co-star Pedro But that's neither good nor bad. VIDEO 3:58 03:58. An amendment from GOP state Sen. Jeff Brandes that would have widened the classroom instruction ban to human sexuality, and not specifically orientation and identity, failed to pass. In addition to pausing political donations to all Florida state representatives pending a review, Chapek also told employees in a company-wide memo that Disney would increase its support for advocacy groups to combat similar legislation in other states and is working on a new framework for its political giving that will ensure our advocacy better reflects our values.. I think change, I think generally speaking, change is good. The Democrat Party was visibly angry, and the media spread lies about the bill being a Dont Say Gay bill. 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. DeSantis, a rumored 2024 presidential hopeful, has not yet announced if he will run. Many of them chose to retire or find other jobs rather than move to Florida. Instead, DeSantis blasted the company as woke and in bed with Chinese communists at an exclusive event publicized on Fox News. 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 He states his positions situationally for his personal profit. 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. Everything else is justifiable. Former Disney CEO Bob Chapek privately complained to Florida Gov. But Chapek stayed positive and dismissed the other criticism, saying ABC News has a stellar track record of being objective and reporting the news and will continue to do so in the future., ABC NEW SUSPENDS MATT GUTMAN FOR FALSELY REPORTING ALL OF KOBE BRYANT'S CHILDREN WERE ON DOOMED HELICOPTER, "Meet the new boss, same as the old boss," Danhof told Fox News following the meeting, referencing a famous The Who lyric. Chapek is a liar. Florida Gov. According to one attendee, Chapek conceded that Disneys silence wasnt just about Florida. Ron DeSantis. Conversely, Chapek believes that his best approach is to avoid politics altogether, a legitimate impossibility for a company like Disney. It sounds about right. Colleagues perceive former CEO Bob Iger as a highly political person with an acute mind for such situations. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Squawk Box. Everyone struggles with adversity. (ABC/ RANDY SAGER). Unfortunately, theresnothing inclusive about the Dont Say Gay bill. Disney CEO Bob Chapek has had private phone calls this year with House Republican leaders including House Minority Whip Steve Scalise, R-La. Occupy Democrats is a political organization and information website that provides a new counterbalance to the Republican Tea Party. 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. According to Fox News, in his book, The Courage to Be Free: Floridas Blueprint for American Revival,which will be released Tuesday, DeSantis recounts a private conversation he had last year with Chapek, who had stayed silent on the bill. "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. DeSantis published the conversation with Chapek in his memoir, The Courage to be Free: Floridas Blueprint for American Revival, shared with Fox News Digital. (It was fully repealed in December 2020. Then, it required many Golden State employees to switch coasts. Chapek's promotion comes at a time when Disney is facing challenges from the global coronavirus outbreak. 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. In that role, he reorganized the business to cut costs and oversaw a number of popular toy crazes from franchises like "Frozen.". And so, its like theres no upside, or our bosses dont see an upside in doing the job were supposed to do, which is to speak truth to power and hold people accountable.. DeSantis signs bill stripping Its bad for business and even worse for the Disney brand. That has become increasingly important as streaming video slowly replaces linear pay TV and movie theaters as the dominant form of entertainment distribution. In "The Courage to Be Free," the governor describes a conversation with former CEO Bob Chapek about Disney's political activities. Bob Chapek was born Robert Alan Chapek on August 21, 1960, in Chicago, Illinois, United States. 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. In totality, its one problematic mistake, though. WebBob Chapek. Here are CEO Bob Chapeks worst five mistakes thus far. The stockholder, speaking during the Q&A portion of Disneys annual shareholder meeting, noted that co-stars Pedro Pascal and Gina Carano both controversially referenced Nazi Germany in social media comments but only she was removed. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers. It didnt happen long ago, so we should all remember how they behaved. Read More. Chapek allegedly told him he didnt want to get involved but hadnt seen anything like it, but thats not what he said in public. Disney is still evil and still pushing CRT.
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