Get this delivered to your inbox, and more info about our products and services. 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.. October 26, 2021 at 5:36 2023 CNBC LLC. Labeledby opponentsas the Dont Say Gay bill, the legislation effectively bans discussion or teaching about the LGBTQ+ community and sexual orientation or gender identity in the states public school system from kindergarten to the third grade. You can look at the comments section for any Disney discussion, and its an inevitable statement from some. Thats not even a dig on Chapek. They left for other gigs. CEO Denies Political Leanings Following Gina Carano ", WATCH: Disney's Bob Iger turns CEO job to Chapek. Why Disney Wont Say Much About Floridas Dont Say Gay Bill GET FOX BUSINESS ON THE GO BY CLICKING HERE, "Disneys management succumbed to political pressure from activists on the Left, and now its getting hit from the Left and the Right," Keating told Fox News Digital. We get pressured all the time, Chapek told DeSantis, according to the governors book. However, one of them provedregrettable. Someone will be now, though. And I think thats a world we should all live in harmony and peace., Disney+ Tops 100 Million Subscribers , CEO Bob Chapek Says. 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. Then, it required many Golden State employees to switch coasts. The company did this after adding a Fifth Key last year, Inclusion. In truth, the only decision I believe Disney shouldnt have made is the removal of Magical Express. 2023 FOX News Network, LLC. Reporters uncovered the fact that Disney had donated to the campaigns of several sponsors of the bill. Chapek is in the third-year of a three-year contract as CEO that expires in February. 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. So, Disney purchased nearly 60 acres of land in Lake Nona, Florida. People that do something very wrong then make excuses are evil. Bob Chapek Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Its bad for business and even worse for the Disney brand. For all other types of cookies we need your permission. I feel terrible about it. Disney Chairman and former CEO Bob Iger told CNBC he began thinking about stepping down as chief executive after feeling he was becoming too dismissive of other people's opinions. Then, the CEO found himself in a public spat with Floridas governor, who recognized an opportunity to score cheap political points off Disney. WebBob Chapek. Florida Gov. Chapek's was named chairman of Walt Disney Parks and Resorts in 2015 and his tenure was marked by the opening of Shanghai Disney Resort in 2016, the doubling of the Disney Cruise Line fleet, the addition of immersive Star Wars lands at Disneyland and Disney World, the expansion of Marvel-inspired attractions worldwide and massive development projects at Disneyland Paris.

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