Disney's Bob Chapek comes out against Florida LGBTQ school bill. Will meet with DeSantis
Walt Disney Co. Chief Executive Bob Chapek on Wednesday expressed concerns about Florida’s controversial bill meant to limit classroom instruction on sexual orientation and gender identity, after taking substantial heat for staying neutral.
DeSantis agreed to meet with Chapek and a small delegation of Disney LGBTQ+ leaders to discuss the bill and hear employee concerns, Chapek told investors. But he acknowledged that the effort was unsuccessful, and said the company would reassess its approach to advocacy and “political giving in Florida and beyond,” responding to criticism that Disney had contributed to politicians who supported the bill.
The Disney chief wrote that corporate statements “do very little to change outcomes or minds” and instead are “often weaponized by one side or the other to further divide and inflame.”, including some from creatives who have worked on Disney shows. Disney’s handling of the matter stands in contrast with former CEO Bob Iger’s criticism of certain anti-gay and anti-abortion legislation in Georgia.” with Disney’s response.
The proposal, which won the support of 59% of voting shareholders according to preliminary data, called on Disney to “report on both median and adjusted pay gaps across race and gender.” Disney had asked shareholders to vote against the measure. Shareholders approved the company’s compensation plan for Disney’s top executives, with 84% voting in favor, 15% casting ballots against it and less than 1% abstaining.had a total compensation package worth $32.5 million
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