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Disney Board Wants To Hide Political Donations, Spending On Sex Changes From Shareholders, Docs Reveal

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The Walt Disney Company board wants to hide key financial data from the public, particularly as it relates to their funding of the transgender movement and donations to political candidates, documents reviewed by the Daily Caller reveal.

The 2024 proxy vote ballot for Disney’s annual shareholder meeting, scheduled for April 2, reveals the board doesn’t want the public, or even their own shareholders, to know how much Disney spends on “gender transition compensation and benefits” for its staff. Despite the board’s suggested vote to shareholders, the National Legal and Policy Center (NLPC) and National Center for Public Policy Research (NCPPR) are urging the company to release the data.

In Disney’s 2024 “Notice of Annual Meeting of Shareholders and Proxy Statement,” Disney details how the NLPC and NCPPR notified the company that they intend to present proposals focused on these issues. Within the same document, Disney “affirms” that people who suffer from gender dysphoria can “transition to a different sex.” However, “an increasing body of scientific evidence shows no benefits result from such medical treatments,” the NLPC argues. They go on to cite the European and American medical community’s “increasing” caution about gender-transition “therapies.”

“Victims report transition treatments and surgeries are harmful. Examples include long-lasting or permanent outcomes like chronic pain, sexual dysfunction, unwanted hair loss or hair gain, menstrual irregularities, urinary problems, and other complications,” the statement continues. “Rather than resolve health problems ‘gender affirming’ therapies instead often exacerbate them. In such instances, those who desire to ‘detransition’ cannot find medical care or insurance coverage, and are permanently mutilated. Many of these sufferers litigate against those who misled or harmed them.”

But as transitioners are de-transitioners are protected under “gender identity” and “sexual orientation” aspects of the Equal Employment Opportunity Commission (EEOC), they cannot be discriminated against in any way, resulting in Disney covering transition procedures.

Shareholders have asked the board to issue a report on Disney’s funding of gender care and related activities by Dec. 31, 2024, and whether there are any “benefit gaps” related to gender dysphoria, as well as “associated reputational, competitive, operational and litigative risks.”

Similarly, Disney doesn’t want shareholders to approve the publication of the company’s charitable and political donations. The board recommends a vote against “requesting a report on political expenditures” and “publication of recipients of charitable contributions.”

In their recommendation, NCPPR argued that there are “issues” with donating to certain groups who support sex-change surgeries, not just for the potential legal and medical issues listed above, but because is it “time Disney stop injecting itself into controversial and significant social policy issues,” the proposal stated.

Disney’s board ignores all the arguments and scientific evidence laid out by the NCPPR and NLPC in their explanation for why they’re recommending voting “against” the proposals. “We believe the proposal is an attempt to generate attention from a proponent with a narrow focus seeking to advance a limited agenda rather than an authentic attempt to call for action in the best interest of the Company and shareholders,” Disney wrote in response to the proposals.

The board also ignored any mention of “gender” in their request for shareholders to reject the proposal to publicize Disney’s charitable donation, and instead stated the company is already transparent enough about their spending.

“In its opposition statement Disney revealed why our proposal is so important, and how badly it has failed to fulfill its fiduciary duties. Disney clearly hasn’t spent a single moment considering how much Iger and his team have harmed the company by going full-in on politics instead of running the company for shareholder and even genuine stakeholder benefit. Iger has hired people like Kathleen Kennedy who hate Disney’s customers and want to shove their politics down audiences’ throats rather than entertaining them,” NCPPR director Scott Shepard said in a statement to the Daily Caller. “Iger seems to think that by adopting a partisan position he makes it non-partisan and just ‘the right thing to do.’ He is wrong in this, of course, as he’s wrong in just about every decision he’s made for many years.”

Disney has found itself increasingly mired in political squabbles in recent years, most notably with Republican Florida Gov. Ron DeSantis, who has gone after the megacorporation’s special tax status. Conservatives have accused Disney of shoehorning progressive messaging into its content and pursuing a political agenda over putting out quality family content.

Disney did not respond to the Daily Caller’s request for comment.

AUTHOR

KAY SMYTHE

News and commentary writer.

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EDITORS NOTE: This Daily Caller column is republished with permission. All rights reserved.

DeSantis Announces Next Moves In Fight With Disney

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Republican Florida Gov. Ron DeSantis announced his plan Thursday to void the last-second legal agreement signed by Disney to maintain its self-governance and special privileges in the Central Florida Tourism Oversight District, formerly known as the Reedy Creek Improvement District.

DeSantis spoke April 6 at Hillsdale College, a conservative school in Michigan, about his next move in Florida’s ongoing battle with Disney.

“They are not superior to the people of Florida. And so come hell or high water, we’re going to make sure that policy of Florida carries the day,” DeSantis said, according to Reuters.

“We’re going to look at things like taxes on hotels, we’re going to look at things like tolls on the roads, we’re going to look at things like developing some of the property that the district owns,” DeSantis continued.

Earlier in the day, DeSantis hinted at next moves at a breakfast with the Midland County Republican Party of Michigan, Politico reported. Disney “tried to pull a fast one on the way out the door,” he said. “That story’s not over yet. Buckle up. There’s more coming down the pike.”

Disney reportedly signed legal agreements with the Reedy Creek Special Improvement District in February to preserve its special benefits as DeSantis’ legislation to abolish the special district was making its way through Florida’s legislature. The legislation replaced the Reedy Creek district with a new governance body and revoked Disney’s special privileges.

Disney CEO Bob Iger called DeSantis legislation “anti-business” and “anti-Florida” during the company’s annual shareholder meeting Monday. The company’s feud with DeSantis began when Disney came out against his legislation restricting the teaching of gender ideology and sexuality from kindergarten through third grade.

AUTHOR

JAMES LYNCH

Reporter.

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Ron DeSantis Signs Legislation Ending The ‘Corporate Kingdom’ Of Walt Disney World

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Republican Florida Gov. Ron DeSantis signed legislation Monday ending the self-governing status and special privileges provided to Walt Disney World through the Reedy Creek Improvement District.

DeSantis made the announcement during a press conference in Lake Buena Vista, Florida. The legislation, titled HB 9-B, ends Disney’s self-governing status, establishes a new state-controlled district and imposes a five-member state control board, which is appointed by the governor. The board will also be confirmed by the state Senate.

“Allowing a corporation to control its own government is bad policy, especially when the corporation makes decisions that impact an entire region,” DeSantis said in a statement.

Here Is What The Legislation Does Specifically:

  • ENDS Disney’s self-governing status.
  • ENDS Disney’s exemption from the Florida Building Code and Florida Fire Prevention Code.
  • ENDS Disney’s exemption from state regulatory reviews and approvals.
  • ENDS Disney’s secrecy by ensuring transparency.
  • ENSURES that Disney will pay its fair share of taxes.
  • PREVENTS leftist local governments from using the situation to raise local taxes.
  • IMPOSES Florida law so that Disney is no longer given preferential treatment.
  • ENSURES that Disney’s municipal debt will be paid by Disney, not Florida taxpayers.

WATCH: 

“This legislation ends Disney’s self-governing status, makes Disney live under the same laws as everybody else, and ensures that Disney pays its debts and fair share of taxes,” DeSantis added.

The bill is 189 pages and would also make it so that the new representatives of the committee cannot have any previous relationship with Disney within the past three years.

AUTHOR

HENRY RODGERS

Chief national correspondent. Follow Henry Rodgers On Twitter.

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EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.

DeSantis Denies ‘U-Turn’ On Revoking Disney’s Special Privileges

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A spokesman for Republican Florida Gov. Ron DeSantis denied reports that Florida is walking back his plans to revoke Disney’s special tax district in Friday comments to the Daily Caller News Foundation.

DeSantis signed legislation eliminating Disney’s Reedy Creek Improvement District in April, ending special administrative and tax privileges the company had enjoyed since 1967, following a public spat between Disney and DeSantis over a bill banning classroom instruction on gender and sexuality for young children. Florida lawmakers were reportedly planning to walk back the elimination of Reedy Creek, due in part to concerns about the additional costs it could impose on the state, according to a Friday Financial Times report.

The Reedy Creek Improvement District allows Disney to operate its own government within Disney World in Florida, meaning it collects taxes to fund its own water, roads and other infrastructure.

“Florida lawmakers are working on plans to reverse a move that would strip Disney of its right to operate a private government around its theme parks,” the Financial Times report read. “State lawmakers are working on a compromise that would allow Disney to keep the arrangement largely in place with a few modifications.”

DeSantis’ team denied any plans to reverse course on its rebuke of Disney.

“Governor DeSantis does not make ‘U-turns,’” DeSantis press secretary Bryan Griffin told the DCNF. “The governor was right to champion removing the extraordinary benefit given to one company through the Reedy Creek Improvement District.”

“We will have an even playing field for businesses in Florida, and the state certainly owes no special favors to one company. Disney’s debts will not fall on the taxpayers of Florida. A plan is in the works and will be released soon,” he said.

The dispute between DeSantis and Disney began when then-Disney CEO Bob Chapek came out against Florida’s Parental Rights in Education bill following widespread pressure to oppose the legislation, which activists had characterized as anti-gay. The legislation bans classroom instruction on gender identity and sexual orientation in kindergarten through third grade.

Soon after DeSantis signed the bill eliminating the Reedy Creek Improvement District, Disney stepped away from politics and quietly removed itself from the fight with DeSantis in an apparent effort to preserve its special tax district.

Disney did not respond to the Daily Caller News Foundation’s requests for comment.

AUTHOR

LAUREL DUGGAN

Social issues and culture reporter.

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