The state of South Carolina has divested itself from Disney however not for the precise purpose you would possibly assume.
It will make excellent sense if South Carolina did this on the idea of the woke tradition at Disney, nevertheless it was truly for a extra sensible purpose. They did this as a result of Disney is extra excited by pushing woke tradition than delivering returns for his or her traders.
As a monetary matter, it makes much more sense.
RedState reviews:
South Carolina Divests Tens of millions From Disney Over ‘Structural Rot’
And Disney takes one other blow on the chin, this time from South Carolina.
In line with Moneywise, South Carolina State Treasurer Curtis Loftis has divested the state’s cash from Disney over the company not doing its fiduciary duty. Loftis blamed a “structural rot” throughout the firm that he doesn’t see it getting away from:
“I think it’s clear to anybody paying attention that there’s a structural rot inside of Disney. It’s deep, it’s pervasive, and I suspect Bob Iger, since his return as the CEO, now realizes it can’t be fixed,” he advised Fox Enterprise Digital, including that it “does not bode well” for the way forward for the corporate.
The sum of money South Carolina is pulling out of Disney isn’t small both:
Fox Enterprise Digital reported that the portfolio of the State Treasurer’s Workplace included $105 million in Disney debt securities, which won’t be renewed upon maturity. In whole, Loftis is accountable for managing $67 billion in public funds.
Get woke, go broke.
MERRY Christmas Patriots!⛪️✝️
“Tremendous loss to America’: South Carolina is dumping $105M of Disney investments, blaming ‘structural rot’ in the company.”
Go woke, go broke. see ‘ya bye Disney.https://t.co/vBHHEipnds
— Mustang7292 – COA⭐️⭐️⭐️ (@Paul_at_PSG) December 25, 2023
South Carolina is dumping $105M of Disney investments, blaming ‘structural rot’ within the firm — Treasurer warns the sane folks at the moment are gone. Time to promote DIS?https://t.co/TFAaxAqknt pic.twitter.com/cQIK4AKain
— RealPro (@RealPro4Real) December 26, 2023
It’s a disgrace what the management of Disney has performed to a as soon as nice firm.
