Disney vows to help repeal ‘Don’t Say Gay’ law, says Florida Gov. DeSantis shouldn’t have signed it

Disney vows to help repeal ‘Don’t Say Gay’ law, says Florida Gov. DeSantis shouldn’t have signed it


Walt Disney employees and demonstrators during a rally against the Florida “Don’t Say Gay” bill at Griffith Park in Glendale, California, U.S., on Tuesday, March 22, 2022.

Alisha Jucevic | Bloomberg | Getty Images

After Gov. Ron DeSantis signed Florida’s so-called “Don’t Say Gay” bill into law on Monday, the Walt Disney Company condemned the legislation and vowed to help have it repealed.

“Florida’s HB 1557, also known as the ‘Don’t Say Gay’ bill, should never have passed and should never have been signed into law,” the company said in a statement. “Our goal as a company is for this law to be repealed by the legislature or struck down in the courts, and we remain committed to supporting the national and state organizations working to achieve that.”

Disney’s public opposition to the new law comes after CEO Bob Chapek was criticized for not speaking up sooner and with more fervor ahead of the bill passing through the Florida Senate. Employees staged a walkout in protest of the company’s lackluster initial response and Disney has been rushing to make amends with its staff and the LGBTQA+ community ever since.

Read more: Chapek under pressure after rift with predecessor Iger

The company has already vowed to donate $5 million to organizations, including the Human Rights Campaign, that work to protect LGTBQ+ rights. Executives have begun speaking to employees in town hall meetings about how it can better serve this community in the future.

Pixar employees, in particular, have been vocal in recent weeks, asking the company to “take a decisive public stand” against the legislation and others like it. The company paused donations in Florida earlier this month and said it would reevaluate its strategy for advocacy going forward.

Additionally, the company has reinstated a same-sex kiss that was cut from the upcoming Pixar film “Lightyear.” While the relationship between Hawthorne (voiced by Uzo Aduba) and another woman in the film is clear, the kiss had initially been removed from the final cut.

“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,” Disney said in its statement Monday.



Source

Detroit auto stocks jump on report of tariff relief for U.S. vehicles
Business

Detroit auto stocks jump on report of tariff relief for U.S. vehicles

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – Shares of the Detroit automakers closed higher Friday […]

Read More
Tesla, GM lead record U.S. EV sales this year as federal incentives end
Business

Tesla, GM lead record U.S. EV sales this year as federal incentives end

A Tesla Cybertruck and GMC Sierra Denali EV First Edition next to one another. Michael Wayland | CNBC DETROIT – Tesla and General Motors are leading the U.S. automotive industry this year in record domestic sales of all-electric vehicles, as consumers hurried to buy EVs before up to $7,500 in federal incentives for each purchase […]

Read More
The wealth of the top 1% reaches a record  trillion
Business

The wealth of the top 1% reaches a record $52 trillion

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The top 10% of Americans added $5 trillion to their wealth in the second quarter as the stock market rally continued to benefit […]

Read More