Disney Shareholders Shun MAGA In Rejection Of Anti-LGBTQ+ & Pro-Elon Musk Proposals At Annual Meeting

deadline.com:

Disney may be scrapping a lot of its diversity programs as Donald Trump‘s war on inclusion intensifies. However, House of Mouse’s shareholders today made a very timely and strong rejection of some MAGA efforts to gain control of corporate governance.

In balloting at the Bob Iger-run media giant’s virtual annual shareholders meetings this morning, Disney investors solidly voted down an effort to cut ties with a respected equality study from a top LGBTQ+ group.

Following unanimous recommendations from the James Gorman chaired board, the shareholders also said No to a Elon Musk inclined measure to probe Disney’s alleged moves in recent years “to demonetize platforms, podcasts, news outlets, and others for expressing disfavored political and religious viewpoints.” “We have received proxies for approximately 7% of shares voting to approve the proposal for Item five, relating to consideration of participation in the Human Rights Campaign’s Corporate Equality Index,” Disney officials announced after the voting on proposals was completed. “We have received proxies for approximately 1% of shares voting to approve the proposal for item six, relating to a report on request related to selection of ad buyers and sellers.” With that, as the board election went through as did compensation proposals and several other measures, Disney’s Legal EVP Horacio E.

Gutierrez declared the blatantly political items “not approved.” On a sheer practical level, the shunning of the Trump tinged measures was a bit of a no-brainer in terms of Disney’s executives being actually able to run the company and conduct business as a global brand – even if they are leaning in the direction of such directives.