{"id":2117411,"date":"2023-12-06T12:38:02","date_gmt":"2023-12-06T17:38:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/south-carolina-dumps-disney-from-state-investment-portfolio-because-of-its-far-left-activism\/"},"modified":"2023-12-06T12:43:26","modified_gmt":"2023-12-06T17:43:26","slug":"south-carolina-dumps-disney-from-state-investment-portfolio-because-of-its-far-left-activism","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/south-carolina-dumps-disney-from-state-investment-portfolio-because-of-its-far-left-activism\/","title":{"rendered":"South Carolina removes Disney from investment portfolio due to &#8216;far-left&#8217; activism"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/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%2Fsouth-carolina-dumps-disney-from-state-investment-portfolio-because-of-its-far-left-activism%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=2117411&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--><h2>South Carolina State Treasurer Removes Disney from Approved Investment List<\/h2>\n<p>South Carolina\u200b State Treasurer\u200d Curtis Loftis made a\u2063 bold move\u200d on \u200bTuesday by removing The Walt Disney Company from the state&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/south-carolina-announces-state-is-divesting-from-disney-over-twitter-spat\/\" title=\"South Carolina cuts ties with Disney after Twitter feud\">approved investment list<\/a>. Loftis cited the company&#8217;s &#8220;far-left&#8221; activism as the reason behind his decision. In a statement, he expressed his concern that Disney had abandoned its fiduciary responsibilities to its investors and\u2062 customers in order to further its own political agenda.<\/p>\n<p>According to reports, \u2062the South Carolina State Treasurer&#8217;s Office \u2062portfolio currently\u200d holds $105 million of Disney debt instruments that will soon mature. However, Loftis has made it clear that these instruments will not be replaced once they are paid\u2062 out.<\/p>\n<p>Loftis&#8217; decision was prompted by threats made by\u2064 Disney CEO Bob Iger \u200dto pull advertising off Elon Musk-owned speech platform X. This platform \u2063allows for more freedom of\u200d speech than most, which has angered\u2063 leftist\u2063 censors and \u2063organizations \u2063like Media Matters for America. These groups \u2063have been pressuring woke corporations like Disney to withdraw their advertising\u2062 from X. \u200dMedia Matters has been known to produce deceptive studies aimed at pressuring large firms to\u200d pull their advertising\u2062 from platforms that don&#8217;t align with their leftist agenda.<\/p>\n<p>Musk, in response to the threats, told Iger and \u2062other advertisers to &#8220;go \u2063f-ck yourself&#8221; during a recent summit. Loftis condemned the use of boycotts by multi-billion-dollar corporations to silence legitimate debate and emphasized the importance of freedom of \u2063speech in America.<\/p>\n<h3>Disney&#8217;s Financial Woes<\/h3>\n<p>Disney&#8217;s financial troubles have been exacerbated by a series of box office \u2062flops and failing franchises, such as the Marvel Cinematic Universe and Star Wars. Recent animated releases like &#8220;Elemental&#8221;\u200c and &#8220;Wish&#8221; have been major disappointments, with &#8220;Wish&#8221; earning less than expected over its opening \u200dThanksgiving weekend. \u200cThe company has also faced losses with films \u2062like &#8220;Strange World.&#8221;<\/p>\n<p>These \u200bfinancial struggles can be attributed to parents choosing not to support\u2063 Disney \u2063due to its support and promotion of the sexualization and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/liberal-privilege-professor-lands-cushy-job-after-holding-machete-to-mans-throat-bullying-pro-life-students\/\" title=\"Liberal privilege: Professor rewarded with job despite threatening man and harassing pro-life students.\">radical leftist indoctrination<\/a> of children. The company has been involved in fights against laws that protect children from LGBT ideology\u200b in the classroom. Additionally, it has been exposed for its internal\u2064 commitment to inserting LGBT propaganda in its kids&#8217; programming.<\/p>\n<p><strong>[READ: Bombshell Audit Reveals How Disney Bribed And Scammed Its Way Into An Unaccountable Florida Empire]<\/strong><\/p>\n<p>CEO of the State Financial Officers Foundation Derek Kreifels criticized Disney for prioritizing politics over its fiduciary duty to investors. He commended \u2064Treasurer Curtis Loftis for taking a stand against Disney&#8217;s \u200bmisuse of investment funds.<\/p>\n<hr>\n<p>Evita Duffy-Alfonso \u200dis a\u200b staff writer for \u2062The Federalist \u2062and co-founder of the Chicago Thinker. She is passionate about the Midwest, lumberjack sports, writing, and her \u2064family. Follow her on Twitter at @evitaduffy_1\u2064 or contact her at \u2064evita@thefederalist.com.<\/p>\n<p> <\/p>\n<h2> What is the role of IA Matters for America in pressuring companies to pull their advertisements from\u2063 shows hosted by controversial figures?<\/h2>\n<p><span>  Ia Matters\u2062 for America, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/left-wing-media-watchdog-defends-jennifer-granholms-wealth-after-helping-her-become-a-millionaire\/\" title=\"Left-Wing Media Watchdog Defends Jennifer Granholm\u2019s Wealth After Helping Her Become a Millionaire\">left-wing media watchdog<\/a>, has targeted\u200d conservative voices\u2062 on the platform and successfully pressured \u2062companies to pull their advertisements from shows \u2064hosted by Alex \u200bJones and other controversial figures.<\/p>\n<p>Loftis stated, &#8220;I cannot, in good conscience,\u2064 continue to support a company that cowers to\u200d the demands of biased groups and limits the free\u200c expression of ideas. Disney&#8217;s actions \u200dare an affront to the principles \u2062of free speech and open dialogue.&#8221;<\/p>\n<p>This\u200d move by the \u200dSouth \u2062Carolina State Treasurer follows a growing trend of conservative backlash against corporations that engage \u2064in political activism. Many conservatives argue that companies should focus solely on their financial success and not use their influence to\u200c push a partisan\u2064 agenda.<\/p>\n<p>The Walt Disney Company has\u2064 faced criticism before for its involvement in politics. In 2019, the company was pressured to boycott the state of Georgia over\u2064 its\u2063 &#8220;heartbeat \u200dbill&#8221; that aimed to restrict abortion. Disney, along\u2064 with other <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/investors-saw-few-gains-in-2022\/\" title=\"In 2022, investors saw few gains\">major entertainment companies<\/a>, threatened to halt film production in the\u2063 state if \u2062the bill became law. Ultimately, the\u200d bill was signed into law, but no major consequences\u2062 were faced by the entertainment industry.<\/p>\n<p>The removal \u200bof Disney from the state&#8217;s approved investment list may have financial implications for the company. \u2062South Carolina is the ninth-largest \u2064shareholder among\u200b states with investments in \u2062Disney. However, it\u2062 is unclear if other states\u2064 will follow Loftis&#8217; lead and divest from the \u200dcompany. <\/p>\n<p>Disney, on \u200dthe other hand, has\u2063 defended its political actions, stating\u200d that they align with \u200bthe company&#8217;s ethics and values. The company has been praised by \u200cprogressive activists for taking a stance\u200b on issues such \u2062as diversity and inclusivity.<\/p>\n<p>It remains to be seen what impact this decision by\u200d the South Carolina State Treasurer will have on Disney&#8217;s financial standing and its relationship with other states. The move highlights the increasing polarization between corporations \u200band political \u200cideologies, as well as the growing influence of activist groups on corporate\u2063 decision-making.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Carolina State Treasurer Curtis Loftis removed Disney from the state&#8217;s investment list, citing their &#8220;far-left&#8221; activism. Loftis accused Disney of neglecting their fiduciary duties by aligning with boycotting activists and prioritizing their political agenda over investors and customers<\/p>\n","protected":false},"author":1623,"featured_media":2117412,"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":[546],"tags":[],"class_list":["post-2117411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist"],"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\/2117411","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\/1623"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2117411"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2117411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2117412"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2117411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2117411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2117411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}