The president and chief marketing strategist for MDB Capital, Lou Basense, joined “Cavuto: Coast to Coast” to discuss the recent Recovery of Disney.
An activist investor promised to fight against another day after Disney shareholders refused his proposal to reconsider his participation in the Equality Index of Human Rights Campaign (HRC).
The executive director of the Enterprise project, Stefan Padfield, said that it was “very likely” to engage with the proxy season of the mouse chamber, and blamed the failure of his proposal on “biases and conflicts of interest”.
“It is not surprising that our proposal received a low support, taking into account the concerns that we have concerning the biases and the conflicts of interest infected the votes and recommendations of the Big 5 asset managers and proxy advisers, as well as the company management,” said Padfield.
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A family appreciates a Disney character culinary experience with GOOFY. (Walt Disney World Communications / Fox News)
The HRC publishes an annual survey which notes companies on their compliance with a litany of LGBTQ initiatives, including “a health coverage equal for transgender individuals without exclusion for medically necessary care” and “the integration of gender identity and sexual orientation in professional development, skills or any other leadership training which includes elements of diversity and cultural competence.” “. Disney has had a perfect score on the equality index every year since 2007.
Despite the loss of the vote, Padfield said he had seen indications that Disney was heading in what he considers a positive direction with regard to his initiatives DEI and ESG.
“The questions raised by our proposals remain relevant for Disney’s results, and we have undoubtedly seen an indication of this in the fact that neither ESG nor Dei was mentioned once, directly or indirectly, in Iger’s opening remarks – suggesting that society slowly moves away from left radicalism embodied by these agendas,” said Padfield.
Disney fell into some of its controversial Dei initiatives since President Donald Trump took office. Disney confirmed that he had abandoned his program “Reimagine Tomorrow” in February.
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US President Donald Trump at the White House digital asset summit in the White House dining room in Washington, DC, United States, Friday, March 7, 2025. (Chris Kleponis / CNP / Bloomberg via Getty Images / Getty Images)
According to Reimagine Tomorrow’s web page Now, the program was dedicated to “amplifying under-represented voices and incalculable stories as well as to defend the importance of a precise representation in the media and entertainment”.
The page has also listed the racial and sexospecific breakdowns of their content and their workforce from 2021 and boasts of their research groups of corporate employees who represent employees of different ethnic environments.
“The Walt Disney Company has established group resource groups through 10 dimensions: Asia / Native Hawaiian / Pacific Islander, Black / African American Disability Hispanic / Latin X Jewish, LGBTQ +, Multicultural, American Native / Indigenous veterans / Military, Women, the website.
Disney also announced that he had stopped using DEI as a factor in his employee remuneration. The company will use new “talent strategy” measures that focus on “commercial success”.
Participants are reflected in the Disney + logo during the Walt Disney D23 Expo in Anaheim, California, September 9, 2022. (Patrick T. Fallon / AFP via Getty Images / Getty Images)
Disney also announced that he had stopped using DEI as a factor in his employee remuneration. The company will use new “talent strategy” measures that focus on “commercial success”.
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“This factor will assess how managers support the values of our company, integrate different prospects to stimulate business success, cultivate an environment where all employees can prosper and maintain a robust pipeline to ensure long-term organizational force”, according to email.
While Padfield is encouraged by the apparent retirement of the Dei company, he believes that “more work must be done”.
“There is much more work to do, and we will continue to expose these problems until American companies are like to create prosperity by focusing on major products and services rather than partisan policy,” he said.
