From Newsgroup: rec.arts.disney.parks

Disney has been facing challenges, with South Carolina pulling its state
funds out of the company due to concerns about managementAs fiduciary responsibilities.

State Treasurer Curtis Loftis criticized DisneyAs adoption of
Environmental, Social, and Governance (ESG) criteria, attributing the companyAs performance challenges to cultural and managerial shifts.

Disney stock is down over 50% from its 2021 high.

oI think itAs clear to anybody paying attention that thereAs a structural
rot inside of Disney. ItAs deep, itAs pervasive, and I suspect Bob Iger,
since his return as the CEO, now realizes it canAt be fixed,o Loftis said.

oPeople sometimes forget that ESG has nothing to do with investing,o he
said.

oESG is a speech and behavior code that was a created by the left and delivered to everybody else under these virtuous circumstances, or
presumed circumstances.o

oThe sane, sober, talented, mature people are gone, and now you have the gender studies crowd running Disney,o he said.

oThatAs why their movies are flops and their market cap, I think, is about half what it used to be. ItAs a tremendous loss to America, we all grew up
on Disney.o

Loftis believes the stateAs exit wonAt significantly impact Disney, while
the company itself acknowledges potential impacts on its bottom line due
to ESG initiatives.

oWeAre not going to cause Disney any real harm,o Loftis said.

oI just want other people to see that you can stand up to these people and
you live to invest another day. There are plenty of good investments out
there that arenAt as risky as Disney.o

Wall Street analysts, however, remain positive about DisneyAs stock, with price targets indicating potential upside.

https://www.stateofunion.org/2024/05/05/tremendous-loss-to-america-south- carolina-is-dumping-105-million-worth-of-disney-investment-2/

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