{"id":1937432,"date":"2023-05-24T22:04:03","date_gmt":"2023-05-25T02:04:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-stock-down-33-percent-since-ceo-instigated-feud-with-desantis\/"},"modified":"2023-05-24T22:06:26","modified_gmt":"2023-05-25T02:06:26","slug":"disney-stock-down-33-percent-since-ceo-instigated-feud-with-desantis","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-stock-down-33-percent-since-ceo-instigated-feud-with-desantis\/","title":{"rendered":"Disney stock drops 33% after CEO&#8217;s feud with DeSantis."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdisney-stock-down-33-percent-since-ceo-instigated-feud-with-desantis%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1937432&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<h2>He Fights. He Wins.<\/h2>\n<figure><\/figure>\n<\/blockquote>\n<div>\n<p><strong>What happened<\/strong>: On March 9, 2022, former Disney CEO Bob Chapek attacked Gov. Ron DeSantis (R., Fla.) for supporting the Parental Rights in Education bill, instigating a feud with the popular governor that persists to this day. Since then, Disney&#8217;s stock price has lost a third of its value.<\/p>\n<p><strong>By the numbers<\/strong>:<\/p>\n<ul>\n<li>Disney stock was trading at <strong>$133.65<\/strong> a share when Chapek <a href=\"https:\/\/www.washingtonpost.com\/business\/2023\/04\/30\/disney-desantis-feud-timeline\/\" target=\"_blank\" rel=\"noopener\">accused<\/a> DeSantis of promoting legislation that would &#8220;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-undeterred-by-disney-criticism-of-florida-parental-rights-bill\/\" title=\"DeSantis Undeterred By Disney Criticism Of Florida Parental Rights Bill\">unfairly target gay<\/a>, lesbian, nonbinary, and transgender kids and families.&#8221;<\/li>\n<li>Disney shares opened at <strong>$89.44<\/strong> and continued to fall on Wednesday ahead of DeSantis&#8217;s formal entry into the 2024 presidential campaign.<\/li>\n<li>That&#8217;s a decline of <strong>33.1 percent<\/strong>\u00a0in a little over <strong>14 months<\/strong>.<\/li>\n<\/ul>\n<p>Disney announced Wednesday it was preparing to heartlessly fire more than <strong>2,500<\/strong> employees in an effort to save money.<\/p>\n<p><strong>What they&#8217;re saying<\/strong>:<\/p>\n<ul>\n<li>&#8220;Ron DeSantis couldn\u2019t beat Donald Duck, how the hell does he think he\u2019s going to fare against Donald Trump?&#8221; Nina Turner, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/we-caught-them-lin-wood-outed-mysterious-georgia-operative-gabe-sterling-now-video-shows-him-admitting-he-helped-set-up-drop-boxes-and-promoted-far-left-activists-as-absentee-ballot-counters\/\" title=\"WE CAUGHT THEM: Lin Wood Outed Mysterious Georgia Operative Gabe Sterling - Now Video Shows Him Admitting He Helped Set Up Drop Boxes and Promoted Far Left Activists as Absentee Ballot Counters\">left-activist<\/a> and failed congressional candidate backed by Bernie Sanders, <a href=\"https:\/\/twitter.com\/ninaturner\/status\/1661082606400618515\" target=\"_blank\" rel=\"noopener\">said<\/a> on Tuesday.<\/li>\n<li>&#8220;You know, if you can\u2019t beat Donald Duck, how are you gonna beat Donald Trump?&#8221; Kari Lake, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disney-stock-down-33-percent-since-ceo-instigated-feud-with-desantis\/\" title=\"Disney stock drops 33% after CEO's feud with DeSantis.\">failed gubernatorial candidate backed<\/a> by former president Donald Trump, <a href=\"https:\/\/twitter.com\/Mediaite\/status\/1661226485343195139\" target=\"_blank\" rel=\"noopener\">said<\/a> while attacking DeSantis on Tuesday.<\/li>\n<\/ul>\n<p><strong>Why it matters<\/strong>: Corporations shouldn&#8217;t pick fights with politicians, especially not a popular governor who was overwhelmingly reelected last year.<\/p>\n<p><strong>Bottom line<\/strong>: He fights. He wins.<\/p>\n<\/div>\n<h3>Analysis<\/h3>\n<p>The feud between Bob Chapek and Gov. Ron DeSantis has had a significant impact on Disney&#8217;s stock price, which has dropped by a third since the incident. The decline in stock price has been accompanied by Disney&#8217;s announcement of layoffs, which has further damaged the company&#8217;s reputation. Meanwhile, DeSantis has been reelected with a significant margin, and his popularity has only grown since the feud began.<\/p>\n<h3>What&#8217;s Being Said<\/h3>\n<p>The feud has attracted attention from both sides of the political spectrum, with left-activist Nina Turner and failed gubernatorial candidate Kari Lake both weighing in on the matter. However, the consensus seems to be that corporations should avoid picking fights with politicians, especially those who are popular and have a strong base of support.<\/p>\n<h3>Conclusion<\/h3>\n<p>The feud between Chapek and DeSantis serves as a cautionary tale for corporations that may be tempted to engage in political battles. In the end, it&#8217;s clear that DeSantis emerged victorious, and Disney suffered significant losses as a result of the conflict.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 9, 2022, Bob Chapek, former Disney CEO, attacked Gov. Ron DeSantis for supporting the Parental Rights in Education bill, leading to a feud that continues. Disney&#8217;s stock price has since dropped by a third.<\/p>\n","protected":false},"author":97,"featured_media":1937433,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[14676,7268,4980,6344,3727,14161,4359],"class_list":["post-1937432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-14676","tag-ceos","tag-desantis","tag-disney","tag-drops","tag-feud","tag-stock"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1937432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/97"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1937432"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1937432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1937433"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1937432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1937432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1937432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}