Skip to comments.Disney Ousts Exec Who Panned Florida Parental Rights Law
Posted on 06/09/2022 11:48:20 PM PDT by rintintin
Peter Rice, the chairman of General Entertainment Content for Disney who spoke out against Florida Gov. Ron DeSantis’ “Parental Rights in Education” law, has been ousted from his position, according to Deadline.
Rice, who has worked at Disney since 2019, in late March told The Hollywood Reporter he saw the law as a “violation of fundamental human rights.”
(Excerpt) Read more at newsmax.com ...
Rice can go join the devil in hell.
That’s not why they ousted him, I don’t think.
Losing their semi-independent status in the states is going to cost them a lot a of money, billions over time.
This is actually not good news. Dana is the one primarily responsible for the aggressive sodomite turn that Disney’s taken. This will either be a more of the same promotion of a diversity hire or will be married by an even more aggressive position.
Oh one other thing, both these are Rupert Murdoch protegees and worked for Fox TV.
Looks like Peter got Panned. Score one for the Crocodile!
Has any exec ever done more damage to a brand?
What family wants to corrupt their children with groomer content?
Costing the company money
Wrong! This is actually good news!
This is like 1944, and Hitler firing a lot of competent generals and promoting incompetent yes-men.
It has to get worse, before it can get better!
Down with Disney!
What? You mean that conservative cable/TV Corporation? < /sarcasm >
I think the company is being run by Vanguard, Blackrock, and State Street. Just like the majority of other publicly traded companies.
And I think these investment houses know exactly what they want.
Then let's you, me, and the millions of other (conservative) consumers in the nation give it to them - good and hard!
"Go Woke, Go Broke!"
Until Disney (and other "Woke" companies) offer a full, formal, public, and abject apology for attempting to "groom" our children, I'm boycotting them!
It’s a start.
Here's a news flash: I don't think that Disney is the actual enemy here. They are soldiers (maybe field grade officers) in a scheme run by certain generals. Those generals are Vanguard, Blackrock, and State Street, Berkshire Hathaway, Goldman Sachs, Morgan Stanley, Fidelity, etc, etc.
Do you think that we, as individuals, have any say in this? You can stop giving Disney your money. You can cancel your Hulu subscription. You can burn all your Mickey Mouse memorabilia at a major public demonstration. If you hold Disney stock, you can sell it. Won't make the slightest difference. Even if we all do the same thing.
So where are you going to go for entertainment? Maybe Paramount...
Notice who the principal owners are of Paramount. We could go with all the other entertainment companies and we'd find the same thing. They are all principally owned by investment houses.
Who owns the investment houses?
In the case of Blackrock, we have the following:
In the case of Berkshire-Hathaway, we have the following:
And you'll see the same kind of crap with most of them. Vanguard is privately held -- allegedly the ownership of the Vanguard mutual funds determines who actually runs the company.
By the way, do I know of a "non-woke" investment house? No.
Indirectly, the control they exert comes from you and me. You participate in a 401(k) or 457(b)? You have an IRA? You're providing the lifeblood for this. Are you a union member with a union pension or a government employee with a government pension fund (or in the case of the feds, TSP)? Your money is doing this. Because their management of your money is giving them the power to exert their control over every single publicly-traded corporation in the country and mostly in the world.
Do you remember the movie "Network" and the speech given by Ned Beatty? "You have meddled with the primal forces of nature, Mr. Beale, and I won't have it!" Well, that is more true than any of us would want to imagine. I personally think the only thing wrong about it is that it is not one college of corporations. Rather, it is one college of investment houses.
Do I like it? No!
But when so few people actually understand what is truly going on underneath the surface, what's one old man going to do?
As George Carlin said, "It's a big club, and you ain't in it".
Now, there's a strategy for what you can do to protect yourself, but I don't see a solution for society at large.
Notice the change I’ve made there. This isn’t some kind of nefarious scheme by investment houses to turn Disney into a haven of child molesters.
The five largest mutual funds in the world are INDEX FUNDS — which means they own shares of the largest companies or bond issuers, regardless of who those companies happen to be. Companies like Vanguard and Fidelity own a lot of Disney stock because it is big enough to be part of any S&P 500 Index Fund, Total Stock Market Index Fund, etc.
Don’t fool yourself. The people who manage these funds have the most significant impact on the management of all the companies that they hold.
If I have shares in Vanguard Total Market Index Fund (VTSMX), I can’t vote for who is on the board of listed companies. I, in essence, give my proxy to the fund manager to vote for me for each one of the stocks that are owned by the fund. And that includes votes to oust a CEO or votes to hire a CEO. These funds, even ETFs or Index funds, are not hardly passive...an index fund may be relatively passive in the buying and selling of individual stocks but they’re not even close to passive when it comes to voting power.
Enter ESG scores assigned companies. If you have any question on that impact, look at what’s happened to Tesla since Elon Musk decided to make an offer for Twitter and, especially, since he decided to announce that he was voting Republican.
Where do you go for your entertainment?
The issue of the day.
Learn to entertain yourselves.
Download and listen to classics.
Buy tapes and cds
Get off the leftist entertainment tit.