DeSantis Helps Get Diversity, Equity, And Inclusion Banned From Disney World
Portfolio Pulse from Chris Katje
The Walt Disney Company (NYSE:DIS) is facing a new challenge as Florida Governor Ron DeSantis pushes to eliminate the diversity, equity, and inclusion (DEI) committee used by the Central Florida Tourism Oversight District, which houses Disney World. The move is part of DeSantis' broader efforts to ban similar practices across the state. The governor has also signed a law blocking public colleges from receiving federal or state funding for their diversity programs. Disney's shares are currently trading at $85.94, down 3.4% year-to-date in 2023 and 18% over the last 52 weeks.
August 04, 2023 | 2:30 pm
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NEGATIVE IMPACT
Disney's operations at Disney World could be impacted by the elimination of the DEI committee. The company's shares are currently down, reflecting a challenging market environment.
The elimination of the DEI committee could potentially impact Disney's operations at Disney World. This, coupled with the broader market challenges, is likely contributing to the decline in Disney's share price. The company's stock is likely to continue facing pressure in the short term due to these factors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100