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Disney CEO tells staff “I am Sorry” over “Don’t say gay bill” response

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The under pressure Disney CEO is now backtracking and saying sorry after earlier sitting on the fence when it came to Florida’s contentious “Don’t Say Gay” bill.

“You needed me to be a stronger ally in the fight for equal rights and I let you down. I am sorry,”

disney ceo Bob Chapek

Walt Disney Co. CEO Bob Chapek apologised to employees for the company’s handling of Florida’s so-called “Don’t Say Gay” bill.

Disney will now pause all political donations in the state.

Chapek also said that the company will be “increasing our support for advocacy groups to combat similar legislation in other states.”

“Thank you to all who have reached out to me sharing your pain, frustration and sadness over the company’s response to the Florida ‘Don’t Say Gay’ bill.”

disney ceo Bob Chapek

“Speaking to you, reading your messages, and meeting with you have helped me better understand how painful our silence was. It is clear that this is not just an issue about a bill in Florida, but instead yet another challenge to basic human rights. You needed me to be a stronger ally in the fight for equal rights and I let you down. I am sorry.”

“I missed the mark in this case but am an ally you can count on — and I will be an outspoken champion for the protections, visibility and opportunity you deserve,” Chapek added.

The company received pushback from employees over its (lack of) response, with staff in the TV animation and distribution writing letters to management about the issue.

The Animation Guild, which represents many Disney employees, voiced its anger over the issue.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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