Disney isn’t killing Florida jobs over Ron DeSantis


Bob Iger is extra than simply Disney’s CEO; he’s additionally a progressive and a shadow member of Sleepy Joe Biden’s Cupboard, which is why he’s making an attempt to stay the knife into Florida Gov. Ron DeSantis and his looming run to be the GOP nominee in 2024.

Like everybody else on Crew Biden, Iger is aware of that the brain-addled president’s finest likelihood to win re-election isn’t in opposition to the profitable two-term governor who turned a purple state staunchly purple.

It’s in opposition to one man and one man solely — the unstable, conspiracy-mongering, baggage-carrying former president, Donald Trump.

That’s why Iger is making an attempt to spin what everybody on Wall Avenue and inside Disney is aware of is a straightforward cost-cutting transfer into some noble act of defiance and throw shade on Joe Biden’s worst nightmare in 2024.

Background: Iger left Disney as CEO in 2020 and was thought of among the many finest C-suite execs within the enterprise.

Disney was on the chopping fringe of programming and forays into streaming, and its inventory value soared.

His handpicked successor was Bob Chapek, and the Home of Mouse quickly faltered.


Bob Iger
Disney CEO Bob Iger just lately scrapped plans to construct a $900 million growth undertaking in Florida that will have introduced 2,000 high-paying jobs to the state.
AFP through Getty Photos

Shares cratered (with an help from theme park COVID closures).

Programming, which was shifting left anyway, went off the deep finish with a same-sex-kissing scene within the “kid-friendly” Lightyear animated film.

Field workplace flops adopted; revenues faltered.


Walt Disney World
Wall Avenue believes the straightforward cost-cutting transfer will throw shade on Biden’s potential 2024 GOP nominee Florida Gov. Ron DeSantis.
REUTERS

Amid all this Chapek thought it was a good suggestion to get right into a pissing match with DeSantis, an more and more standard and conservative governor with nationwide ambitions.

Disney’s headquarters is in Burbank, however Orlando, Fla., is the positioning of its iconic Disney World.

Disney has such a presence within the state’s financial system that it was granted a perk of working its personal particular taxing district.

When DeSantis sponsored a invoice that prohibited the instructing of sex-ed to toddlers, Chapek, consistent with Disney’s transfer to the left, determined to oppose it.

The regulation handed anyway, and a triumphant DeSantis then sought to chip away at Disney’s self-governance.

He was re-elected governor in 2022 by almost 20 factors final November based mostly on the state’s booming financial system and his response to COVID.

His Disney-bashing didn’t damage.

Chapek, in the meantime, was out of a job, changed by the returning Iger, who in semi-retirement had been a perennial candidate for a high Biden administration submit, together with ambassador to China.

Iger definitely had quite a bit on his plate.

He wanted higher programming and to chop prices.

The long-planned building of a $1 billion workplace complicated in Florida that would come with hundreds of latest jobs wanted to be scuttled to appease Wall Avenue.

Disney’s inventory value stays nicely off its highs even after Wall Avenue cheered Iger’s return final November.

However the 2024 presidential race is approaching, and now Iger is telling Wall Avenue that it’s DeSantis’ assaults on the corporate — not Disney’s enterprise being within the dumps — that’s forcing him to re-think his presence within the state.


Gov. Ron DeSantis
When DeSantis sponsored a invoice that prohibited the instructing of sex-ed to toddlers, he then sought to chip away at Disney’s self-governance whereas Disney’s inventory value stays nicely off its highs after Iger’s return final November.
AP

That’s, the nixing of that $1 billion undertaking has DeSantis accountable.

The progressive media is consuming it up, in fact.

So is Trump.

However don’t imagine it, as a result of numbers and logic don’t lie.

Even when Disney wasn’t in hassle, is Iger actually going to maneuver numerous jobs to California and topic folks to all these taxes and, say . . . slave reparations?

Not an opportunity.

He’d be following Chapek out the door.

And right here’s the logic: DeSantis runs possibly essentially the most affluent state within the nation; persons are flocking there from all over the place to benefit from the heat climate, low taxes and jobs — many greater than the two,000 or so Disney is chopping.

Polls present DeSantis one-on-one beats Sleepy Joe simply.

Iger and the Dems absolutely perceive what they’re up in opposition to if DeSantis is the GOP nominee.

They know he doesn’t have Jan. 6 looming over his marketing campaign; he gained’t be tweeting about his petty feuds and election-conspiracy theories.

DeSantis will permit Biden sufficient room to stumble over his awful report, a souring financial system, his botched Afghanistan withdrawal, the mess on the border and extra.

Trump will attempt to steal the oxygen out of the room together with his trademark slapstick as he did in 2020.

And lose.

Trump has been taking Disney’s aspect within the DeSantis battle as a result of he desires to run in opposition to Biden and avenge his 2020 defeat, I get that.

Iger is choosing a battle with DeSantis as a result of he and his fellow Dems need the identical factor.

You’ll be able to’t argue with chilly numbers — and apparent logic.