Quote:
Originally Posted by OrangeBlossomBaby
If it's that big of a deal to the shareholders, then the shareholders are free to opt out, or hold a special meeting and take a vote. There's no reason the Florida legislature needs to impose legislation that affects only 5 out of over 1400 special districts in the state, to halt something that the shareholders care about. Especially since most of the shareholders of Disney aren't Florida residents.
This isn't about shareholders. It's about political statements that some folks in the Florida government don't like.
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I've already stated twice that I disagree with killing the Reedy Creek special district---seems like overkill. But it
is about shareholders and the fiduciary responsibility of the Disney board of directors, and the concept that Disney should not be making political statements in the first place. Also, don't forget that this is a government of the people, by the people and for the people-----and through their elected representatives the people of Florida have spoken. It's simply that certain groups don't like what they said. Who was it that famously quipped "elections have consequences"? Oh, yeah, can't mention it. But Disney's "freedom of speech" has consequences as well, just in this case I agree with you the retribution was too Draconian.