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Florida Ending Disney’s Special Privileges Has Other Woke CEOs Scared

Florida has ended Disney’s special privileges that have allowed them to avoid paying taxes and let them rule themselves rather than being obligated to follow the rules of the counties they live in. This has not been lost on other “WOKE” corporations and their CEOs and it has them scared. They were okay making demands of the local and state governments, entering into the political world, they have no business in. Now they are afraid of the repercussions that have been too long in coming.

After Disney leadership opposed parental rights legislation in Florida, Republican Gov. Ron DeSantis pointed out that Disney is a guest in Florida and they do not make decisions for the state of Florida. That led him to the signing of the revocation of the Reedy Creek Improvement District, that allowed Disney to avoid state taxes and regulations.

Several Democrats have suggested that Disney move into their states, including the governor of Colorado. Can you imagine people going to Disney in sub-zero temperatures and four-foot snows? And Texas? The weather might be better, but it is too close to Disneyland. It would attract many that would normally go to Disneyland. People on the East coast would no longer arrive in large numbers and the cost of building a new park would cost billions.

Former Medtronic CEO and current Harvard Business School senior fellow Bill George told the WSJ:

“As one CEO said to me, ‘I want to speak out on social issues, but I don’t want to get involved in politics.’ Which I said under my breath, ‘That’s not possible.’”

From The Daily Wire

“It used to be that Republicans especially — but both parties — liked big business,” he explained. “And now what you’re seeing is both parties like to use big business as political footballs one way or the other.”

Julie Schertell, the CEO of Georgia-based manufacturing company Neenah, said that “probably anybody sitting in a leadership role” is following the Disney situation “to some degree.”

“Because I want folks to assume positive intent, like ‘Here’s what we’re trying to do, and if it feels like a misstep, let’s talk about that. And of course, correct on it,’” she said with respect to considering employees’ concerns.

Ron Williams — the former chairman of Aetna who now sits on the boards of Boeing, Johnson & Johnson, and American Express — explains that navigating politics is a “challenging job” for executives.

“Companies often deal in substance, and politicians often deal with foils,” he said. “And so, you know, companies can inadvertently become a foil for different political issues. It’s not enough to know what you want to do. You have to be artful in how you do it.”

 

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