After weeks of internal strife and external controversy surrounding the Walt Disney Companys lack of public response to the Dont Say Gay legislation in Florida, CEO Bob Chapek announced in a company email on Friday that Disney will pause all political donations in the state during a restructuring of its political giving framework. Chapek also apologized directly to the companys LGBTQ employees for his widely criticized messaging on the issue. Chapek also said in the Monday memo that Disney had not donated to politicians specifically regarding the Dont Say Gay bill, but the company had contributed to Republican and Democrat legislators who have subsequently taken positions on both sides of the legislation.. McCarthy used his speech in NYC to slam President Joe Biden for doing "nothing" to address the nation's financial crisis. The Walt Disney Co. announced Sunday the unexpected reinstatement of Bob Iger as the entertainment giant's CEO, with his successor, Bob Chapek, stepping He even signed Rice to a new deal last fall, clearly indicating he wasnt simply looking to make a change just to make a change. Now that is a good motivation not to say his feelings as we dont know if any damage will be done to that respect so its a hard to choose to speak out or not as who knows what could happen. While speaking to employees shortly after taking the helm from fired CEO Bob Chapek, two-thirds of employees surveyed said they feared expressing their political or religious views at work. No, you dont get to claim your non political, bow out of the debate AFTER donating a ton of money to get this anti-gay bill passed. Florida Gov. Eisner was voted off back in the day and resigned as CEO shortly after. The actress was let go from the popular Lucasfilm and Disney series on Disney+ after she took to social media to, as Lucasfilm described it, post abhorrent material that compared the current divided political climate in the U.S. to Nazi Germany. He wasnt fired for cause; he didnt do anything wrong. 2023 Vox Media, LLC. Chapek didnt speak to the Carano incident directly but said Disney stands for values that are universal: respect, decency, integrity and inclusion and we seek to have the content that we make reflective of the rich diversity of the world we live in. Peter Rice, Walt Disney Co.s chairman of general entertainment content, is departing just months after renewing his contract. https://t.co/VLioyKGW25. Stay out of it and take everyones money! He attacked Disney by name, saying it was hypocritical for the company to make money on family entertainment and then speak out against a bill designed to protect parents rights. The exec also led the charge to get the Kardashians to set up their post-E! The biggest impact we can have in creating a more inclusive world is through the inspiring content we produce, the welcoming culture we create here and the diverse community organizations we support, including those representing the LGBTQ+ community, he wrote. By Wednesday, after the bill had been passed by the Florida legislature, it was clear that Chapeks lack of public comment on the issue had become untenable. I truly believe we are an infinitely better and stronger company because of our LGBTQ+ community. LITERAL HIGH: Pusha Ts Welcome to Cokechella sign. Disney companies have donated $2,109,361.87 in the last year for the 2022 election cycle alone, according to the Florida Division of Elections, with hundreds of thousands of dollars going to Republican Party-affiliated groups compared to Democratic Party-affiliated groups. But it was merely the first step., Even more remarkably, statements to Disney leadership from several LGBTQ employee groups within the company became public, including one sent well before Chapeks company-wide email on Monday. Youd have thought nobody in the town had ever been fired without just cause or that somehow top execs putting their own stamps on their leadership teams was some novel development. Last summer, Black Widow star Scarlett Johansson sued Disney, accusing the company of breaching her contract when it released the movie on its Disney+ streaming service while it was still showing in theaters, saying she was deprived of potential earnings. The final show airs April 27 along with a preshow special. 2023 Deadline Hollywood, LLC. David Offenberg, an associate professor of finance at Loyola Marymount University with expertise in entertainment, declined to give the exec a letter grade, but said Chapeks executive future is unlikely to be threatened by PR stumbles, adding that Chapek doesnt need to match Igers sterling reputation for forward-thinking ideas. Ugh/so disappointed that they did that. At the same time, he worked for J. Walter Thompson, which is now Wunderman Thompson. Chapek, Disney and politics In response to Floridas Dont Say Gay bill, which would ban educators from discussions about sexual orientation and gender identity He was the Speaking to you, reading your messages, and meeting with you have helped me better understand how painful our silence was. By contrast, Chapek who inherited Rice from his predecessor, former Disney CEO Bob Iger waited two full years before making last weeks move. Mr. Chapeks challenge doesnt appear to be over soon, especially as lawmakers in other states mount bills modeled after Floridas. at Disneyland, New Mickey Mouse Nike Golf Shirt Available at Disneyland Park, Disneys donations to the bills supporters, Learn to Defend the Halcyon in Bridge Ops Training on the Star Wars: Galactic Starcruiser, First Closeup Look at Construction Inside the Connections Caf and Eatery at EPCOT. Even if you look hard, you wont find a lot of folks in Hollywood applauding Disney CEO Bob Chapeks public relations skills right now. While all those divisions make critically important content, they also wont require Waldens day-to-day attention. )], Thank you to all who have reached out to me sharing your pain, frustration and sadness over the companys response to the Florida Dont Say Gay bill. Chapek took on the role of CEO back in February of 2020 from Bob Iger, right before the entire world shut down due to the COVID-19 pandemic. I agree. project at Hulu, resulting in the streamers biggest unscripted-series launch ever. However, the fact that Disney stock prices have remained relatively stable since Chapeks takeover indicates the CEOs blunders are not perceived as a threat to Disneys bottom line. Robert Chapek was born in the Chicago suburbs in 1960 to working-class parents, Marie (Lofay) and Bernard W. Chapek. On Monday, members of the House Judiciary Committee met in New York for a hearing on violent crime in the city. Disney CEO Bob Chapek talks with WSJs Editor in Chief Matt Murray about the challenges of weathering controversies and keeping his nearly 100 year-old company relevant. Igers comments come after his predecessor, Bob Chapek, picked a political fight with Florida Gov. Florida governor andAmericas Next Top Trumpcontestant Ron DeSantis took Chapeks reversal and used it as an excuse to try to cancel one of the states biggest and most beloved companies. He finished the week pledging to crusade against anti-LGBTQ Chapeks tenure saw the battle with Florida Republican Gov. Notably, Iger made no mention of Chapek in his statement, though he did assure employees that he would have more to share on Monday. United States [USA] The bills sponsors have defended it as a way of letting families deal with childrens issues rather than teachers. However, Morrell reports that Chapek rejects taking political stances because he is determined that Disney remains a place where everyone is treated with dignity and respect.. Image Source: The Walt Disney Company If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Chapek's relatively brief tenure has brought controversy, most notably regarding his opposition to Florida's Parental Rights in Education bill. Jonathan Majors Dropped by Manager Entertainment 360 Following Domestic Violence Charges, AI-Generated Fake Drake/Weeknd Collaboration, Heart on My Sleeve, Delights Fans and Sets Off Industry Alarm, Beef Star David Choe Appears to File Copyright Takedowns for 2014 Podcast Video of Him Joking Hes A Successful Rapist, Bruce Springsteen Contracts COVID and Misses His Archives Inaugural Awards Show, but Presents Via Video. The nearly century-old company has been dragged for becoming too politically correct, famously clashing with 0. that a nice guy like Rice would be treated so shabbily. stepped down as executive chairman at the end of 2021. While certainly [cricket] is an important component, that local content that were developing really will mitigate the impact, Chapek predicted a few months ago. Now with Disneys latest statement, Michael Kahane with the AIDS Healthcare Foundation said, I am pleased with the position that Disney has taken, although I am disappointed in the process it took to get here.. Just run the company and keep the consumer (Guest) top of mind its that simple! It was a week of damage control that ended with Mr. Chapek trying to assuage his staff and critics by announcing Disney was re-evaluating all of its political giving and begging his employees forgiveness. Iger remained in an executive chairman role at Disney until retiring in December 2021. Its true that by all accounts Chapek had no problem with how things were going inside all the divisions Rice oversaw basically, all TV-content creation at Disney thats not ESPN, Star Wars, or Marvel. And there was more fallout: A group of Disney Imagineers the creative team behind theme parks, attractions, cruise ships and retail outposts, which includes a significant number of LGBTQ members demanded that Chapek reverse a decision to move the entire division to Florida because of what they have called the states hateful legislation. In the latest turn, Disney said on Monday that it will work to get the bill, which Republican governor Ron DeSantis officiallysigned into law earlier that day, repealed. It is clear that this is not just an issue about a bill in Florida, but instead yet another challenge to basic human rights. No, Drake Didnt Drop a New Song With the Weeknd. Since He was born Robert Alan Chapek on 21 August 1960, in Chicago, Illinois, the United States, and raised in Hammond, Indiana, U.S. Bob is an American national and citizen by birth. The family-entertainment giant became critics primary target in recent weeks, since it operates Walt Disney World near Orlando and is among the states most high-profile employers. Chapek earns a C+ in his second year, said Tom Nunan, a and former network and studio executive who served as an executive producer on the Oscar-winning Crash. The reason Chapeks grade isnt lower, and that he receives a plus next to his grade versus a minus, is that despite public snafus, keeping a giant company running successfully is no small task., Added Nunan, Some will say Chapeks not hurting anything except morale. Disney employs tens of thousands of Floridians, primarily at Walt Disney World. November 21, 2022 by Mary. He went on: "When I look at the creative success of our teams across our Studios, Disney General Entertainment, ESPN and International, the rapid growth of our streaming services, the phenomenal reimagining and rebound of our Parks, the continued great work of ABC News, and so many other achievements across our businesses, I am in awe of your accomplishments and I am excited to embark with you on many new endeavors. I think this is the first time I agree with Chapek. 11-Down, Four Letters: Psalm and Saint, for Kim Kardashian. Mr. DeSantiss national profile has risen in part thanks to conservative legislation like the Parental Rights in Education bill, which LGBTQ activists have said will cause harm to children struggling with their sexual and gender identity by cutting off support from teachers and encouraging teachers to out gay students to their parents. The Potential 2023 WGA Strike for Dummies. Iger, 71, stepped down as CEO in February 2020 and was replaced by Chapek, 62, who previously ran Disney's theme parks and consumer products division. Hey, Circle! The Florida bill is expected to pass the state senate and become law. Mr. Chapek was promoted to CEO from Chairman of Disney Parks, Experiences, and Products on February 25, 2020, after the previous CEO, Bob Iger, stepped down. Ask the dozen-plusvery talented execsat WarnerMedia Discovery whove beenshown the exitsin recent weeks following the companys merger with Discovery. Last week, former CEO Bob Iger weighed in on a political debate in Florida regarding the Dont Say Gay bill in a tweet. Ron DeSantis' support of the bill. Asked about Lucasfilm chief Kathleen Kennedy, Chapek said he is absolutely thrilled with her and the company looks forward to having Kathy directing the activities of the entire Lucasfilm operation for many years to come.. You needed me to be a stronger ally in the fight for equal rights and I let you down. Speech, Jim Jordan's Crime Hearing Takes Surprising Turns, China's 'Artificial Sun' Smashes Nuclear Fusion Record, Putin Issues Ominous Warning About How Russian Navy Could be Deployed, Who Is Ralph Yarl? Our employees see the power of this great company as an opportunity to do good. Disney CEO Chapek Bob Chapek Tuesday said he doesnt really see Disney as characterizing itself as left-leaning or right-leaning responding to a shareholder who accused Hollywood and the company of a double standard in firing Gina Carano from The Mandalorian because shes a conservative. It is clear that this is not just an issue about a bill in Florida, but instead yet another challenge to basic human rights. I would think donating to the bill would be a giant political statement! (adsbygoogle = window.adsbygoogle || []).push({});
, Copyright 2023 | WordPress Theme by MH Themes, Abigail S. Koppel Wedding, Bio, Age, Net Worth, Husband, Epstein and Leslie Wexner, Robert Costa Wiki, Age, Wife, Weight Loss, CBS News, Twin Brother, Height, Family, Parents, Salary and Net Worth, Neeraj Khemlani Wiki, Age, Wife, Parents, CBS News, Height, Family, Nationality, Salary and Net Worth, Ian Lee Wiki, CBS News, Age, Height, Family, Parents, Wife, Children, Ethnicity, Salary and Net Worth, Brene Brown Wiki, Age, Podcast, Books, Husband, Family, Children, Married, Nationality and Net Worth. There appears to be a Britney Spearsinspired plot, if the latest trailer is anything to go by. Thank you to all who have reached out to me sharing your pain, frustration and sadness over the companys response to the Florida Dont Say Gay bill. DIS 0.40% (adsbygoogle = window.adsbygoogle || []).push({}); July 19, 2022 (The stock closed Monday at $138.72. A Walt Disney Company insider tells The Hollywood Reporter that unlike his predecessor, Bob Iger, Chapek doesnt wish for Disney to wade into political discussions. The board said that Iger "has agreed to serve as Disney's CEO for two years, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term.". I am committed to this work and to you all, and will continue to engage with the LGBTQ+ community so that I can become a better ally. Silence encourages the tormentor, never the tormented. A personal, guided tour to the best scoops and stories every day in The Wall Street Journal. In all the stories that have been written about how well Rices TV units have been doing of late,what has gotten lost is that Walden not Rice is the exec most TV industry insiders would likely creditwith those triumphs. Disney Co. But streaming is now the heart and soul of Disney and most other big media companies. Chapek keeps his politics more private than Iger, the democrat-turned-independent that preceded him as CEO. The truly new challenge Walden will face in her new role is overseeing ABC News. Bob Chapek (born 1960) is an American Business Executive, Entrepreneur, and the new CEO of Disney. Theres bad PR, and theres bad business, Bryan Sullivan, a partner at Early Sullivan Wright Gizer & McRae who focuses on entertainment and investment, told TheWrap. If youre a shareholder, please vote Chapek off the board by tomorrow. READ MORE: Ruby Rose Bio, Age, Nationality, Height, Parents, Father, Married, phoebe dahl, Net Worth, Films. Disney owns several properties in Florida, such as Disney World in Orlando, and the company is a major political donor to the state's politicians. Since then, though, its been all downhill: Like Netflix,Disney has seen its stock price tank this spring(albeit somewhat less dramatically), prompting doom-and-gloom headlines about why the magic is gone and how the company is scrambling to find a new story to tell investors. One thing led to another as the night progressed, a source said of their kiss. I truly believe we are an infinitely better and stronger company because of our LGBTQ+ community, he wrote. His stance was made known following criticism over Disney's initial silence on the matter. Chapek, as chairman of the former, was named chairman of this new segment. Bob Chapek is seen in the inset on November 8 in New York City. The AIDS Healthcare Foundation held two demonstrations in both Florida and California against the bill and called on the Big Mouse to speak up. A source said of their kiss Chapek off the board by tomorrow of entertainment... 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