CNBC SPECIAL: Disney's Wildest Ride Part 2
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 13 November 2023
⏱️ 52 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Hi, I'm C. NBC Media reporter Alex Sherman, and this is part two of Disney's |
| 0:06.9 | wildest ride, the inside story of a CEO succession plan gone a ride. A cautionary tale about how good intentions |
| 0:15.4 | collided with ego and hubris at the highest levels of corporate America. |
| 0:22.4 | Part 8, a fight in Florida. A little more than a month into Chapek's tenure |
| 0:29.2 | without Eiger at the company. Florida Governor Ron Desantis, a Republican, introduced the Parental Rights and Education |
| 0:35.8 | Act, which critics called the Don't Say Gay Bill. |
| 0:40.0 | The legislation would prohibit classroom instruction by school personnel or third parties on sexual orientation or gender identity. |
| 0:49.0 | Disney is one of the largest taxpayers and employers in Florida. |
| 0:53.0 | And Shepec and Morel were soon fielding media inquiries |
| 0:56.6 | about the company's stance on the matter. |
| 0:59.3 | And employees, particularly animators at Pixar and Disney animation wanted to know how the company planned to react. |
| 1:07.0 | Eiger tweeted his thoughts. |
| 1:09.1 | If passed, this bill will put vulnerable young LGBTQ people in jeopardy, he wrote. |
| 1:16.0 | During Iger's tenure as CEO and chairman, he had freely pontificated about an array of causes, including climate change, diversity, and abortion. |
| 1:26.0 | In a series of virtual meetings after the killing of George Floyd, |
| 1:29.6 | Eager had told Disney employees that making their voices heard was the best way to |
| 1:34.0 | bring about change according to people on these calls. |
| 1:36.7 | Chapek wanted to chart a different path. Weeks before Desantis introduced his |
| 1:42.1 | plan legislation, |
| 1:43.2 | Morel had outlined a new communication strategy to the board. |
| 1:46.7 | He wanted Disney to stay out of political skirmishes entirely, |
| 1:50.9 | and instead signal its values through the three C's content, culture, and |
... |
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