William Earl Disney CEO Bob Iger criticized Florida governor Ron DeSantis’s political moves in Florida on the company’s May 10 Q2 earnings call.
The business-political feud was brought up as a result of a shareholder asking about the parks in Florida while there are political battles with the governor. “Regarding Florida, I got a few things I want to say about that bill,” he said. “First of all, if the case that we filed last month, made our position and the facts very clear, and that’s really that this is about one thing and one thing only and that’s retaliating against us for taking a position about pending legislation.
And we believe that in us taking that position we are merely exercising our right to free speech. Also, this is not about special privileges or a level playing field or Disney in any way using its leverage around the state of Florida. “But since there’s been a lot said about special districts and the arrangement that we had, I want to set the record straight on that too.
There are about 2000 special districts in Florida, and most were established to foster investment in development where we were one of them.
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