In general, I agree with what you're saying here - I don't really want companies to interfere in terms of passing legislation.
But in this case, I think I gently disagree - only on the grounds that I think this does affect Disney as a corporation. I don't see this as a situation where Disney is trying to convert people's beliefs one way or another - I think they're acting to defend their employees. It's more like how a union would act on their members' behalf.
Creative people on the whole tend to lean liberal, and Disney's creatives also stand pretty strongly pro-LGBT. Given how nebulous this law was written to be, they have every reason to be concerned about its implementation. Disney's employees might not feel comfortable sending their kids to schools where their own lifestyles might be barred from even being saying out loud. (The issue is that's unclear what the law actually restricts, given how vague its language is.)
Disney is in the process of trying to move a bunch of their theme park creatives to Florida - something that would arguably benefit Florida on the whole - and a bill like this is a strong disincentive to that. If employees don't want to move - and possibly decide to leave the company because of this - that hurts Disney in the long run. Disney has every right to lobby politicians to stop that from happening.
A few years ago, Disney (and others) stepped in to lobby Governor Kemp of Georgia to veto a bill that would have allowed companies to deny services to people if they were gay. Disney has made Georgia a tremendous amount of money via film production, and a bill like that would affect a number of Disney employees directly.
Personally, I think it was fine for Disney to do that. Disney has Kemp's ear, because he knows how much money film production is bringing to the state and the new clout that the state carries as a result. Disney has every right to try to capitalize on that value.
I don't see this as being any notably different. (But I also think Iger handled that case significantly better than Chapek handled this.)
I understand your point. It's a valid point. It's a good point.
Here is where my issue lies. I am a shareholder (although right now I wish I was not). Like I said, nothing said here is anything illegal, or immoral or anything like that. So I can only speak based on my own self interests. As a shareholder and thus partial owner, Disney's economic power and thus it's views represent my economic power and views. My self interests in this area lay in Disney showing a profit.
I dare say that anyone with half a brain could have predicted that if you stood up in a highly conservative state that elected the people who represent that state and said you have a problem with this law, that approximately 50% of the people are going to disagree with you (and 50% of the people are going to agree with you).
By extension this means that 50% OF YOUR CUSTOMERS - the people who pay you - and thus the people who pay me - are going to be angered. IN THIS COUNTRY AT THIS TIME, that's the outlook you are at. EVEN BETTER... By stepping into this fire, Chapek not only managed to anger 50%.... he angered EVERYONE (a feat I still can not figure out).
SPEAK if you want to speak. As a human being. Like Musk does. Go out just like Musk and run your bloomin' mouth all you want. He does it. He's famous for it. Tesla gets very little blowback from it because he does not speak AS THE COMPANY.
But do not speak out as the company because that represents my self interests and you are now claiming to represent ME - which you don't.
And to be clear, I am not really talking about my little slice of Disney. I can (and in fact have) sold some of my stock. I am not ready to divest my DVC.... but I am angry about it. I am talking about the fact that as a company I love Disney, and it hurts my heart to have my company dragged through this political mud. To have my company - the company that I grew up loving to be speaking out about something that I do not agree with.
I can handle the CEO speaking out about the issue. That's different. Bob is not my CEO. I did not grow up with him. He's just the person entrusted with the steering wheel (currently). I can't handle my company doing it.
Can you understand where I am coming from?