DeSantis penned in upcoming memoir "The Courage to be Free: Florida's Blueprint for American Revival" that Chapek felt "pressured" to publicly condemn the " Don't Say Gay " bill in Florida due to the "woke mob" of "leftist media.". Bob Chapek became The Walt Disney Company's CEO in 2020, succeeding Bob Iger as the company's leader. Now, a new interview with Chapek has been released in which he reveals his thoughts on park demand, price increases, Disney "superfans," the Scarlett Johansson lawsuit, and more. They worry the GOP could pressure the company not to speak out on social issues, such as the Supreme Court ruling in June that overturned the right to an abortion enshrined in Roe v. Wade. "We stand in opposition to the dangers posed by corporate wokeness, and we applaud the Florida legislature for giving children and families the tools to fight back against woke indoctrination," the letter to Chapek reads. Slectionnez Grer les paramtres pour grer vos prfrences. The stock is on its worst run since at least the 1970s, according to Bloomberg, tumbling by 22 percent under Mr. Chapek and wiping out roughly $35 billion in market cap. Chapek keeps his politics more private than Iger, the democrat-turned-independent that preceded him as CEO. Over the past three years, the sheer volume of park increases and cost reductions is almost incomprehensible. ", "Then there will be some new outrage that the woke mob will focus on and people will forget about this issue," DeSantis also writes of the advice he gave Chapek, "especially considering the outrage is directed at a political-media narrative, not the actual text of the legislation itself.". Now he's saying "Goodbye, Disney (DIS . Elon Musk reinstates Twitter accounts of Donald Trump and Kanye West. Year 2013. from 1999 to present. DeSantis Puts State Attorney on Notice for Allowing Pine Hills Shooter to Be McCarthy Tells CNN Why He Gave J6 Security Footage to Tucker Carlson, To Save America From Washington, Congress Needs Spending Reforms, China Sends an Ominous Message to Elon Musk, Biden Tells 'Creepy' Story About Nurse Who Would Breathe on Him. Prior to his appointment to succeed Bob Iger as CEO, he had already been involved with their Home Entertainment division for 26 years, and served as the Chairman of Disney Parks . Mr. Iger had also seen enough, telling confidants that he was devastated by Disneys decline, The Times Brooks Barnes reports. DeSantis describes his conversation with then-CEO Bob Chapek, where he told the Disney executive that the outrage over the legislation would quickly pass and that he shouldn't oppose it. The former CEO cared more about money than fan satisfaction, which is an unforgivable mistake for the leader of Disney. Now, we can only look back and retrace the steps to determine what went wrong. During this unexpected behavioral change, Chapek could have easily worked with Iger to plot the course for Disneys future. The dysfunction was so significant that Iger and Chapek had their own advisory teams that occasionally competed, according to the report, which cited Disney sources and people familiar with Igers thinking. DeSantis this morning to express our disappointment and concern that if the legislation becomes law, it could be used to unfairly target gay, lesbian, non-binary, and transgender kids and families, Chapek said at the time. While the succession plan called for Chapek to report to both Iger and the Iger-led Disney board, their relationship soured quickly. [And] when I sign it, you will get another 48 hours of outrage, mostly online,' DeSantis said, adding, Then there will be some new outrage that the woke mob will focus on and people will forget about this issue, especially considering the outrage is directed at a political-media narrative, not the actual text of the legislation itself.. When Chapek finally did say something, his statement came way too late and then had the secondary impact of irritating the lawmakers. FTX is a now bankrupt company that was one of the worlds largest cryptocurrency exchanges. The short-lived battle between Disney and DeSantis taught lessons to various camps. Disney CEO Bob Chapek went woke. New York CNN Business . Actress Scarlett Johansson, a bona fide superstar and box office draw, anticipated a big check for her work on Black Widow. Iger remarked on Tuesday's episode of the "Coffee with The Greats . In February 2020, Bob Iger suddenly announced his impending retirement. The 71-year-old Iger has signed a two-year contract as his replacement. Whats known is that the list of FTX backers is vast and impressive, including the likes of BlackRock, Sequoia and the Ontario Teachers Pension Fund. Now, it was Igers turn to bristle. Now, the Reedy Creek Improvement District, which dates back to 1965, may end in 2023, specifically due to Chapeks missteps. U kunt op elk moment uw keuzes wijzigen door naar Uw privacy-instellingen te gaan. All Rights Reserved. Mr. Zhaos announcement drove down the price and spooked investors. Joe Burbank/Orlando Sentinel, via Associated Press, Last year, Changpeng Zhao, the chief executive of, Mr. Zhaos announcement drove down the price and spooked investors. Prior to 2016, Bob Iger's political party was Democratic Independent (2016-present). FTXs collapse kicked off investigations by the Justice Department and the Securities and Exchange Commission focused on whether FTX improperly used customer funds to prop up Alameda Research, a crypto trading platform that Mr. Bankman-Fried had helped start. On Dec. 12, Mr. Bankman-Fried was arrestedin the Bahamas for lying to investors and committing fraud. Disney spent just over $2.3 million on in-house lobbying from the start of the second quarter through the end of the third quarter, records show. Many of the calls between Chapek and House Republican officials involve the Disney CEO being "direct" and defending the company's opposition to Florida's so-called "Don't Say Gay" bill, those familiar with the conversations have said. Austin Livingston, a spokesman for Freedom Caucus member and letter signatory, Rep. Ralph Norman, R-S.C., said their office has not received a response from Chapek or Disney. Otherwise, she wouldnt have taken the gig. In March, CNBC reported that Igers commentary on the matter had chafed Chapek. He currently serves on both the House Financial Services Committee and the House Oversight Committee. David Ng. The board has bought into Chapeks push for increased emphasis on streaming services since taking over as CEO with rapid growth at Disney+ and other properties, the source noted. Cruz Goes Ballistic on Garland Over Illegal Protesting at the Homes of Supreme Garland Gives Curious Explanation About Why Mexican Cartels Aren't Classified as Terrorist Wray Confirms What Biden Won't: Odds Are COVID Came From a Lab. Shares in Silvergate Capital, a bank specializing in crypto assets, are down in premarket trading this morning, after halving in the past month. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Finally, Chapek issued a full-throated apology and pledged to go on a listening tour. Interested in booking a Disney Vacation? The Walt Disney Company is a media and entertainment conglomerate based in Burbank, California. (FT), Apple and Googles app stores could become important arbiters in shaping content rules at Elon Musks Twitter. Copyright 2023 RedState.com/Salem Media. They argue that investors may be violating antitrust law by backing carbon reduction initiatives and have accused BlackRock, for example, of prioritizing activism over its fiduciary duty. Feature Image: Patrick T. Fallon/Bloomberg, Tags: Bob ChapekChapekDisneyDisney ParksThe Walt Disney Company. Florida governor Ron DeSantis is calling out former Walt Disney Co. CEO Bob Chapek. (READ: Ron DeSantis Scores Major Win Over the Disney Groomers as Floridas Legislature Abolishes Disneys Special Tax Avoidance Scam). Over the past three years, the sheer volume of park increases and cost reductions is almost incomprehensible. Traders rushed to withdraw from FTX, causing the company to have a $8 billion shortfall. Returning Disney CEO Bob Iger complained his successor Bob Chapek was 'incompetent' before plotting with the CFO to oust him, reports say. Chapek said the company was pausing campaign donations in Florida following the bill's passage. Besides, hed later acknowledge, Hollywood is going through an age of great anxiety with uncertainty at the box office and in the streaming wars. While most major companies have been preparing for a potential power shift in Washington for months, Chapek has engaged directly with lawmakers poised to become a lot more powerful if the GOP retakes the House. Its Hollywood 101. He will continue to call out these executives when appropriate." He even signed Rice to a new deal last fall . 2020 Transaction Count/Amount. Crypto assets are in the red again on Monday, with Bitcoin hovering around a two-year low, as investors grow increasingly jittery about the contagion risks from the collapse of FTX. Disney CEO Bob Chapek has been having private phone calls this year with House Republican leaders including Minority Whip Steve Scalise, R-La., according to people briefed on the matter. The report mentioned that Mr. Chapek had private phone calls with House Republican leaders, including Minority Whip Steve Scalise, R-La., according to people notified on the subject. Disney Style / Epcot / merchandise / News / Walt Disney World, Add Spark to Your Collection with Figment Flower & Garden Loungefly, Dining / Epcot / Events / Walt Disney World / World Showcase, The Florida Fresh Outdoor Kitchen Brings Sunshine and Good Eats to the 2023 EPCOT Flower & Garden Festival. The fact that neither Chapek nor anyone from his team chose to do this is maddening. Iger will reportedly serve as CEO of Disney for another two years to set the strategic direction for renewed growth as a new successor develops, according to the Board. a Democrat, cited the company's recent . This inexplicable tactic led to a short but intense feud wherein an MCU icon split from Disney only weeks after announcing that she would create a Tower of Terror movie. Coming up on the show, Disney's CEO Bob Chapek on the future of Disney and whether the company is too woke. For current Disney CEO Bob Iger, it was a reminder that getting involved in controversies is bad for business and paints a negative view of the company. Chapek's contract was set to expire in February next year, three years after he unexpectedly took . The company shelled out $1.37 million in the second quarter alone. (NYT Opinion), A fun but slightly dystopian language has emerged on TikTok to evade content controls. DeSantis said Chapek admitted that hed never experienced this kind of pressure before: As the controversy over the Parental Rights in Education bill was coming to a head, Chapek called me. He greatly regretted it as soon as COVID hit, the executive added. However, he isnt someone who is quick to trust others. Hosted by CEO Bob Chapek, the Walt Disney Company held its annual shareholders meeting on Wednesday, March 9 and, inevitably, the subject of the company's recent inaction . Even as House Republicans lack much of the formal power they would gain by winning the majority, they have tried to pressure Disney and other companies over their stances on social issues. Host of RedState LIVE! Photo: Matt Stroshane/Courtesy Disney Parks. Disney CEO Bob Chapek has sent out a company-wide email addressing the controversial "Don't Say Gay Bill" in the Florida Legislation. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und unsere Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. England, the Netherlands and other national teams abandoned plans to wear anti-discrimination armbands at the World Cup in Qatar, where homosexuality is a crime. . AHF Protest at Disney. Disney's CEO, Mr. Chapek is 61 years old as of 2021. Chapek's embrace of the woke mob and escalating war on Florida Republicans then saw DeSantis pursue a bill to strip Disney World of its self-governing status, an effort that was successful, and eventually cause Disney to oust Chapek and replace him with former CEO Bob Iger. Thursday: U.S. markets close for Thanksgiving. 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