[Went woke & morally broke...] Disney investor sues over company's response to 'Don't Say Gay' bill

[Leroy N. Soetoro]

https://nypost.com/2022/12/13/disney-investor-sues-over-companys-response-
to-dont-say-gay-bill/

A Disney investor claimed the Mouse House created a “far-reaching”
financial risk for itself by opposing Florida’s controversial so-called
“Don’t Say Gay” bill, according to a new lawsuit.

The 22-page suit filed late Friday from investor Kenneth Simeone demands
that Disney turn over its internal records about its opposition to the law
limiting instruction on sexual orientation or gender identity in
elementary schools.

By criticizing the law, Disney lost control over tax and improvement
issues on the Orlando-based theme park, the suit said.

“The financial repercussions from Disney’s actions, and resulting harm to
the company and its stockholders, have been swift and severe,” Simeone
alleged in court papers.

Disney did not return requests for comment.

According to Bloomberg News, the lawsuit is a so-called “books and
records” action, demanding documents that can be used to later sue Disney
directors over the decision to oppose the Florida law. Delaware judges
often grant such file requests, Bloomberg said.

The “Don’t Say Gay” conflict blew up under Disney’s former CEO Bob Chapek,
who initially wobbled on his response to the bill, opting not to weigh in.
Drawing ire from Disney employees, Chapek came out against the bill,
vowing that Disney would pause all political donations.

In late March, DeSantis moved quickly to sign the bill into law. Weeks
later, DeSantis signed legislation that would eliminate Disney’s special-
municipal district, called “Reedy Creek,” which the company had operated
in the state since the late 1960s.

The dissolution of Reedy Creek means that Disney lost control of decisions
about taxation, infrastructure improvements for the theme park and its
surrounding areas, and could be on the hook for billions in additional
debt.

Disney’s board ousted Chapek in late November amid tepid financial results
and after a slew of PR gaffes, replacing him with longtime CEO Bob Iger.
Iger, who had stepped away from the top job two years earlier, has
stressed Florida’s importance to the company. According to reports, the
Sunshine State is softening its approach and is drafting a revision to the
deal.

Fuck Disney. They screwed up and need to pay a price. If they go under -
so be it.

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fiasco, President Trump.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.

President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.