A Trump supporter and billionaire is doing what he can to try to control the company, according to reports by Fox News.
This is as QZ reports that Disney stock dropped by 44% in 2022. The company has also remained in the spotlight for negative reasons in recent years as it has continued to promote woke ideology to the masses, particularly children.
Nelson Peltz, the Trump supporter and billionaire looking to take control of the company, is trying to steer the company in another direction.
On the other hand, Peltz has been a vocal Trump supporter. Bob Iger, the current CEO at Disney, stated that he would consider taking a role in the Biden Administration before the President, even before Biden officially took office.
Additionally, Fox News states that Peltz has been known to be unhappy with Disneys response to the so-called Dont Say Gay bill in Florida. Additionally, Peltz is closely tied to Marvel Entertainment chairman Ike Perlmutter, who is also on the conservative side of politics.
Perlmutter is said to be betting on a win by Ron DeSantis in the 2024 Presidential Election, according to a report by Variety. Peltz has a nearly $1 billion stake in Disney through Trian Fund Management, and it is said that he has faced stalling tactics and other frustrating moves by the company as they are simply getting in his way. However, Peltz is now directly battling Iger for control over the company. During a February 8th phone call about the companys future, he took a chance to battle with Iger.
Disney has taken a very woke stance with many things it has done this year. The company even stated:
Our goal as a company is for this law to be repealed by the legislature or struck down in the courts, and we remain committed to supporting the national and state organizations working to achieve that.
The company continued by stating:
We are dedicated to standing up for the rights and safety of LGBTQ+ members of the Disney family, as well as the LGBTQ+ community in Florida and across the country.
Statements like this earned Disney a spot on the New Tolerance Campaigns Worst of the Woke list for 2022. They point out the companies behaving in the most woke ways possible and list the worst violators according to their rankings. Disney has certainly earned its place among those companies.
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