The percolating controversy regarding Walt Disney Co. (NYSE:DIS) on Florida’s “Don’t’ Say Gay” legislation scalded over as Gov. Ron DeSantis fired back at CEO Bob Chapek’s decision to publicly wade into the issue.
What Happened: Chapek initially sought to avoid making a public statement on the legislation, which prohibits the discussion of sexuality and gender identity in Florida’s schools until after the third grade, telling shareholders he felt “we could be more effective working behind the scenes, engaging directly with lawmakers on both sides of the aisle.”
