Disney pauses political donations in Florida, CEO Chapek apologizes for silence over 'Don't Say Gay' [View all]
Source: CNBC
Disneys CEO said Friday the company is ceasing its political donations in Florida due to the states so-called Dont Say Gay bill, and he apologized for the companys previous silence on the issue.
You needed me to be a stronger ally in the fight for equal rights and I let you down, CEO Bob Chapek wrote in a statement to colleagues and the LGBTQ+ community published Friday. I am sorry.
The statement doubled down on comments he made supporting the LGBTQ+ community during the companys annual shareholder meeting Wednesday.
Chapek and the Walt Disney Company faced pressure this week for not publicly opposing the Parental Rights in Education bill in Florida. The legislation, which was passed earlier this week, forbids instruction on sexual orientation and gender identity in public schools for kindergarten through third grade.
Read more: https://www.cnbc.com/2022/03/11/disney-pauses-political-donations-in-florida-over-dont-say-gay-bill-backlash.html