- Disney shareholders rejected anti-DEI proposal on Thursday.
- A conservative think tank proposed that Disney stop participating in the Corporate Equality Index.
- Shareholders for Apple and Costco previously rejected similar proposals.
They … rejected … anti-DEI … making them … pro-DEI … and anti-Trump? Am I getting that right? Sorry, there are just getting to be a lot of double-negatives these days it’s hard to keep track.
you’re not wrong
Nah, keep with the times!
He isn’t not right!I think you meant to say he isn’t not unwrong
I ain’t not gonna not believe that.
The most accurate takeaway is that the shareholders wish for Disney to continue participating in Diversity Equity and Inclusion measures.
The enemy of your enemy is not necessarily your friend.
Shareholders in a company whose entire business is around being well liked globally thinks it would be a bad business move to cancel a program that is part of a good public image in favor of placating a relatively small chunk of Americans that would both be paying attention and against DEI.
They could still be pro-Trump, and not really caring about DEI, but they know the value of optics in the context of a company like Disney.
Call of what if is and it becomes more clear.
DEI is diversity equity and inclusion. You know, inclusion of racial minorities, disabled people, and women in historically male dominated roles.
Disneys board rejected enacting a Trump inspired policy of racism, sexism, and general bigotry.
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Disney wants as many customers as possible and doesn’t care about temporary optics based on hard right politics. Don’t mistake them for the good guys. Megacorps that buy up everything in sight and use their ridiculous piles of money to exert influence over politics are the core of the problem.
Guess why copyright laws in the US kept adding decades and decades to copyright protection from the death of the creator. HINT: Megacorp money controlling laws may have been involved.
Like all corporations, Disney is a mercenary. Their allegiance lies with whoever puts the bigger number on their cheque.
If MAGA is going to get in the way of Disney trying to make money, I’m more than happy to let Disney fight that battle and waste some cycles
While most of that is true, they actually did let the Mickey Mouse copyright expire, and Mickey as portrayed in Steamboat Willie is now public domain.
But instead they’re using trademark. There’s a reason they’ve started using Steamboat Willie in an animated logo.
I’ve got a love/hate thing with Disney. Like…enemy-of-my-enemy-enemy kind of thing.
I do love when they stick it to DeSantis.
But I still ain’t going to FL anytime soon. We did Disney in 2022 and I think that’s probably near the end of when FL was tolerable (in small doses) for sane people.
DISNEY resumed thier donations to florida after the desantis/florida spat.
Especially Disney with their past…
Conservatives have been worshipping on the altar of Shareholder Value since the 80’s.
Guess what? These shareholders just told us all what they value. Think Conservatives will accept it?
Conservative “values” are just cover stories for greed, selfishness and prejudice. They grew up with a set of prejudices and they refuse ever to reexamine them. So they adjust the “values” to suit. Conservatives are incurious, stubborn people who refuse to grow.
I mean they value money…
and apparently they are smart enough to realize that Diversity helps with money, Which makes sense… they are a machine designed to extract money from people…
rich white billionares do not fill up theatres or make a substantial percentage of disney+ and Hulu subscriptions… a group of people that know how to target different demographics will obviously outperform one that targets the hell out of maga fans but doesn’t know how to talk to the other 70% of the country.
remember the actors that went all anti-lgbtq+ tried to make thier “anti-woke circle jerking movies” like gina carano,and some others.
worshipping on the altar of Shareholder Value since the 80’s.
Thanks, Milton Friedman…
🙄 🙄 🖕 🖕
dint disney rollback some of DEI initiatives at least for a show, and introduced a “fully outed christian”
Yup, and removed a trans character.
Democrats and Republicans are aligned on trans erasure now.
Fucking idiot Dems think it’ll stop there I guess.
I don’t understand why Americans aren’t marching to war against this shit, it’s taking root.
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Just 1% of shareholders voted to approve the proposal
1% of shareholders, or the holders of 1% of shares?
This is a great fuckin question and one that’s probably more important than we realize
And an easy question to answer - 1% of shares. All businesses weigh shareholder votes by number of shares held.
Not all companies do that. It is possible to make dual class voting, where some shareholders shares have more votes than others. For instance Google, Meta, Ford, Warren.
Yeah, but those systems still don’t count votes by “number of shareholders” as indicated above. They’re still weighted by number of shares, just some shares have more benefits than others
The class offered to the general public often has limited or no voting rights, while the class available to founders and executives has more voting power and often provides for majority control of the company.
Fuck this shit, now I gotta be pro Disney too? I’d gotten so used to hating them. They grew on me a little back when they stood up against DeSantis in Florida too.
I miss the days when we could just love/hate corporations based on their business practices instead of culture war bullshit.
It’s always more complicated than the binary. Disney might be getting DEI but still forces creators to censor out any LGBT references in their shows, or cancel them if they do them anyway. They still are anti union and work people to the bone.
If you want it simple, no corporation is your friend, ever. They are there simply to take your money, without regard for scruples, and any form of morality they seem to be acting on is either because it will make them more money or it is illegal and not cost effective to break the law.
It’s still a good sign the shareholders have some sense in this specific case, but make no mistake, Disney doesn’t care about anything other than money.
i heard they were trying to promote christian inclusivity, by adding one of them in the shows. we know what happens when a show just caters to christians, it ruins the show.
Wat
I mean, Disney is still evil. They probably saw how much Target fucked up and don’t want to make the same mistake.
There’s more money in appealing to everyone instead of just white evangelicals Americans.
They have met their fundamental duty as an organization led by human beings who can and should be held to moral standards.
I despise their behavior with copyright but here they’ve earned the right to not get the “caved to fascists” boycott
Is it a boycott if you just refuse to buy from a company because all of their products are shit?
Nah, its just more proof that this think tank is shit at making money. Disney doesn’t have morals, but it does have a very profitable “princess” marketing strategy. This think tank didn’t really read the room very well.
Conservative think tanks don’t exist to make money or spread prosperity, they exist to find justifications to enact conservative policies
Well, now I wonder what benefits they could offer a for profit company. Why would anyone even meet with them?
Their brand of diversity is some bs anyways so you don’t have to be pro Disney.
Remember, they gladly took help from a Chinese concentration camp to make their girl boss Mulan remake.
They also fired all their park workers during covid and gave themselves 10 million bonuses while their workers were surviving on food stamps. Some workers had even signed non compete clauses so they literally could not use their talents elsewhere to feed themselves.
Further more, Disneys current version of DEI is divisive, soulless and insincere.
It isn’t a black or white situation. You can hate Disney AND MAGA. To me, they are all two sides of the same rotten coin. Ruthless, selfish and greedy people who use others to get ahead and pull the ladder up after themselves.
they also began to renege on thier “Dei” i think for a show they removed the lgbtq+ person and including a " persecuted christian in the mix". additionally they started public resumed donation to desantis and GOP in florida when all the news blew over.
Oh, they have done shit like that for years. Removing black actors from their movie posters when sending their films to places like China, removing all LGBT stuff from their oh so diverse remakes when sending them to countries that dislike gay stuff.
They are so fake.
one thing i do notice they never touch christians though, most people watching disneys arent christians, its just to get them from not complaining about Disney. SPN was one show that have to astroturf with christianty is the one true religion" and disrepecting other dieties/mythology.
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Saying that current day Chinese concentration camps are nicer than some concentration camps America had in the past is very tone deaf.
Besides, I hear your president is talking about sending immigrants to guantanamo so maybe you guys get to compete with the Chinese on who has the nicest concentration camps in this say and age soon enough.
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They also fired all their park workers during covid and gave themselves 10 million bonuses while their workers were surviving on food stamps. Some workers had even signed non compete clauses so they literally could not use their talents elsewhere to feed themselves.
There are plenty of things to hate Disney for, especially as they approach super-monopoly status, ruin nearly every franchise they touch, and have trouble telling what’s good or not. As a company, Disney’s morals and decisions grow more concerning every month. Disney is basically a disaster in progress.
However, this specific complaint seems bad: it’s the wrong scale. Many companies were in the wrong during COVID, but it’s hard to look at these numbers and say the layoffs here were bad decisions based on $10M in bonuses. The scales are just too different.
Disney laid off 32,000 park workers At a measly 40 hours per week at their “minimum wage” (formerly $15/hr, now $24/hr): that’s $83.2 million PER MONTH: $998M a year. A $10M “bonus” is 1% of that, and even smaller compared to the $6.4B of park revenue they had loss.
The former CEO “gave up” their salary ($3M) and “bonus” ($45M in 2019), had 20-30% pay cuts to the executive staff, and a few other items. The CEO did get “$10M” in stock awards, but stock awards don’t get you off food stamps. Those stocks become nothing if the company posts bad financials, which would hurt more than just the execs.
The $1.5B dividend payout in April 2020 looks much worse. Abigail Disney ranted about it on Twitter (now X). His rant is at the appropriate scale: Disney paid out billions before they chose to save millions. The execs got quite a bit of that dividend payout. That’s the greed.
It’s almost like there were nuances to almost everything instead of the world being neatly divisible into good and bad.
Oh, you get out of here! this is not how the internet works!
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This is like rooting for the villain. Ok, whatever … Disney is cool again.
I miss boycotting Disney because some prude thought she saw sex hidden in dust in the Lion King.
The kooky, fun kind of crazy we can all share a laugh at
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While the Rescuers 2 had an actual naked woman in it.
They’re still a massive company that’s way bigger than it should be and could be considered a monopoly.
It’s a shame that it’s only the companies with more money than God that feel comfortable standing up for their values. The Felon will attack anyone who disagrees with them, and while everyone gets mad about nobody standing up to him - that’s not exactly a zero risk scenario for most. But for these hundred billion and trillion dollar companies, they know they can defend themselves just fine.
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Tesla is woke?
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Tesla is going broke, so, according to you, Tesla became woke, right?
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They will role ever sooner or later. Fuck them, never stop hating.
Any decent company should be pro-DEI. Bare minimum if you ask me.
They saw what happened to Target stocks after the boycott and said fuck that.
Boycotts do work, keep it up
Probably because they realise that all the companies that ditched DEI have been doing significantly worse. Almost like it’s something people want.
Source/examples?
I’ve been watching the stock market since the inauguration and companies like Target have been dropping significantly faster than companies like Costco that didn’t roll it back. It’s all going down, but the anti-dei ones are going faster.
Edit: just looked and Costco is down 8% in the last 3 months while Target is down 20%.
I haven’t verified but someone said Target above in the thread
I just compared Costco which didn’t roll back vs Target that did. In the last 3 months Costco is down 8% and Target is down 20%
It does not even make sense for Disney to be anti-DEI if their target audience is the entire world!
Unfortunately the Trump admin want them to behave a certain way, and anything different is seen as them being mean, apparently.
Looking forward to that “Failing Disney and nasty, perverted Mickey Mouse, going around in shorts” post on Truth Social. If there’s one corporation that might even take Donnie down it’s Disney. Kinda like Kong vs Dumbzilla
How does that follow? Do you think most of the world is pro-DEI?
I think they mean that, by definition, the entire world is diverse
Humanity is diverse, but there is a tendency to hate on those different to us, since time immemorial.
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From my perception, people do not necessarily hate others who are different, but hates it when there are “too many foreigners”.
anti-DEI is pretty much code for “only white straight cisgendered males welcome”. Whatever criticisms may make sense against select DEI initiatives, the anti-DEI move by the government basically involved erasing all acknowledgement of any minority or woman ever being honored for accomplishments, no matter how obviously well earned the honor was.
On a global perspective, the American flavor of “anti-DEI” panders to a relatively small group of folks at the expense of offending the vast majority of the world’s population.
Ok, but how does this like vibe with a country like China, which demands that Disney and other western media companies censor LGBT things all the time?
What does DEI mean in respect to Disney, does it just mean changing existing characters to their non-white equivalent?
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Disney?
What movie was that, Inspector Gadget?
Disney princesses are DEI. Why should they distance themselves from their most recognizable/successful marketing tactics?
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No suprise there. A large portion of Disney’s viewers are girls and minorities. You know, those dreaded DEI folk.
Well yeah they learned that more than just little white girls like their movies. Look at the animated Disney/Pixar feature films, so much more than it was in the pre- renaissance era.
Even during the Renaissance …we had Pocahontas and Mulan and Jasmine…but these people were more like phoned-in representatives of their cultures compared to now.
Look at Encanto, or Moana/Viana. Or Coco. Or even Soul.
Hell, Strange World features a mixed race family with a queer son and a three-legged dog.
And the movies are better for it. They are more relatable because they aren’t all some xeroxed copy of the same plain princess with a slightly different tint. And more importantly, they are showing their young and impressionable viewers a cast that reflects reality. That not every family is a carbon-copy “traditional” family. That different cultures exist and yeah, live a bit differently than suburban white folk (who live a shockingly similar life to the Sultan of Agrabah).
youtube videos of disney cinema is infested with these “anti-woke comments” its really not for conservatives anyways. like how the recent snow white movie is being spammed all over youtube with anti-woke twist. they trying very hard to get people to hate disney and using the actor as thier anchor.
and disney also have “virtue signalling” for LGBTQ+ for a couple decades already. harder to divorce from that. ALso children is thier money maker too.
As someone who actually works on real stuff, it’s insane to me that for some people, they go to work and have high-level conversations revolving around things such as this.
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You are right, but also, I think it’s okay to take the small victories where they are. They shouldn’t have to be applauded for doing the bare minimum, but when this bare minimum is a big middle finger to the administration I’ll look the other way
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I agree, but in the right circumstances. Posting it here in the comment section is one thing, we’re discussing their actions. But some people (not you, necessarily) will take it a step further and go bully a company when they take a good step because the step wasn’t big/good enough. We gotta positively reinforce good behavior
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It’s also about how much power Trump has though.
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Imagine if tomorrow they decided to stop DEI for good
I wonder if they could point towards their secession when handling that. Technically Disneyland and world aren’t part of America, but they’re not recognized as sovereign states by any country so they might have a hard time really putting that fight up
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Look into “Company towns” a bit. It could be done right, but putting that into the hands of the current oligarchs would be a spell for destruction
But I like your sentiment. I actually am planning to start a non-profit apartment complex and I’m trying to get my employer to be a primary investor. I plan on offering them a temporary exclusivity deal if they’ll let me build close enough to where we work but I’ll have to look into the laws about that. Exclusivity deals are a lil weird around housing, might not actually be able to offer that
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A few years ago, Disney seceded from the union. I’m not entirely certain what rights they actually have in their current state but technically the land under Disneyland is not part of America as far as I understand
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My friend, have you not been paying attention? Trump doesn’t give a shit about any of that. He’s burning all the bridges to “eradicate woke”.
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Maybe that’s because “DEI” has become code for “anything done by minorities” and “woke” now means “minorities.” With minorites here meaning “not white heterosexual men.” Also cis but these snowflakes can’t even accept that cisgender is a technical term.
Efficiency means monopoly
Yeah, because it’s maximally efficient at funneling all the money up to the 1%.
“I guess you forgot whose really in charge,” said Mickey.
Lots of media worried about upsetting the King of America with their reporting
I am SO confused.
