The Walt Disney Company confirmed that its chief financial officer, Christine McCarthy, is stepping down and will take a medical leave of absence, according to the media giant. Disney’s chief executive, Bob Iger, confirmed her departure in a news release issued Thursday, saying that McCarthy “is stepping down from her CFO role as she takes…
DeSantis Appoints New District Administrator With Power Over Disney World
May 12, 2023
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A supporter of Florida governor Ron DeSantis has been given power to shut down rides and issue fines at Walt Disney World for violating state codes. The Central Florida Tourism Oversight District appointed longtime DeSantis ally and nonprofit leader Glen Gilzean to oversee the administration of the Reedy Creek special tax district, where the Walt Disney…
Shareholders Getting Fed Up With Underperformance by ‘Woke’ CEOs
The Walt Disney Company may prove to be a cautionary tale for CEOs who have sworn allegiance to the environmental, social, and governance (ESG) movement. While it has become increasingly common for global clubs like the World Economic Forum and activist asset managers to pressure corporations to fall in line with the ESG agenda, Disney…
Disney Executive Who Left After ‘Don’t Say Gay’ Controversy Made $119,505 per Day
January 20, 2023
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Business & MarketsCompaniesDon't Say Gay BilleconomyEducation & Family NewsFloridaPolicies & ImpactsPoliticsRegional & State NewsSocial IssuesState NewsUSWalt Disney Company
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A Walt Disney Company executive who was fired after he instigated a fight against the Florida “Don’t Say Gay’ controversy raked in more than $100,000 per day in his brief stint in Hollywood. The executive, Geoff Morrell, who was hired as Disney’s chief corporate affairs officer in January 2021, lasted only three months at the…
Disney Likely Won’t Change Course on Woke Ideology, Employees Say
Some commenters have concluded that a town hall by Disney CEO Bob Iger shows the company has rejected left-wing LGBT politics, but Disney employees disagree. In the town hall, Iger, who returned to run the media empire, told employees he didn’t like the company being “embroiled in controversy.” He answered several employee-submitted questions about Disney’s…
Disney Announces Hiring Freeze, Layoffs, Travel Expense Cuts
The Walt Disney Co. appears to be the latest corporation to scale back hiring and spending as the economy cools. The entertainment giant reportedly announced the changes to senior staff this week after a disappointing quarterly report released Nov. 8 sent stocks plunging to a 21-year low. An internal memo obtained by CNBC Nov. 11…
Liberals’ Internet Regulation Bill Must Provide ‘Flexible’ Definition of Canadian Content, Media Giant Executives Say
The Liberals’ pending internet regulation bill must provide a “flexible” definition of what it considers to be “Canadian content” if it is going to successfully promote Canadian culture and creators for the country’s viewership, several media giant executives say. “The rules defining what qualifies as Canadian content should be updated and related obligations should reflect…
Liberals’ Internet Regulation Bill Must Provide ‘Flexible’ Definition of Canadian Content, Media Executives Say
The Liberals’ pending internet regulation bill must provide a “flexible” definition of what it considers to be “Canadian content” if it is going to successfully promote Canadian culture and creators for the country’s viewership, several media giant executives say. “The rules defining what qualifies as Canadian content should be updated and related obligations should reflect…
Crowd Protests Disney’s ‘Woke’ Agenda
April 7, 2022
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BURBANK, Calif.—“Go woke, go broke” was a central message from protesters who gathered outside The Walt Disney Company’s Burbank headquarters April 6. Some 150 people attended the rally in opposition to the family entertainment company’s stance against a recently passed Florida law that prohibits schools from teaching their youngest students about sexual orientation and gender…
Living in a Storybook: Disney’s Residential Communities Coming Soon
February 17, 2022
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The Walt Disney Company is making dreams come true for Disney fanatics who have wished upon a star to live in their own fantasy storybook—with themed residential communities coming to Coachella Valley, company officials announced on Feb. 16. “As we prepare to enter our second century, we are developing new and exciting ways to bring…
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