America First Legal Accuses Disney of Financial Malfeasance In Pursuing a Toxic Woke Agenda at the Expense of Its Shareholders
Leak: Nelson Peltz Ahead in Proxy Ballots Cast So Far

They accuse Bob Iger and his handpicked board of violation of fiduciary duty.

Fiduciary duty is the obligation someone has when entrusted to manage someone else's money or property. The duty requires the person in control of the property to make choices for the benefit of the person who actually owns the property, and to not make self-serving decisions for his own benefit.

Disney's management has, of course, impoverished the shareholders so that they can have the (non-sharable, non-dividable) benefit of being praised by Hollywood lefties and groomers.

As Fox News reports, a letter was sent to Disney on Wednesday by America First Legal (AFL) accusing the company of unlawful discrimination, as well as forcing political messages that have resulted in "damage to Disney's brand, properties, and commercial reputation by management's manufactured misalignment between its woke political and social agenda and the vast majority of the Company's customers."

SEC disclosure filings require the principles of a corporation to forthrightly admit all possible risks to the company so that investors will have the information necessary to make an informed choice in investing.

Disney acknowledged that their woke agenda caused a possible "misalignment" of their objectives and the public's sentiments. They disclosed the fact that their woke agenda was alienating the public and causing a huge loss of shareholder values by speaking of a "misalignment." Of course they put it in the weakest, most weaselly way possible.

AFL, which is run by Stephen Miller, a former senior adviser to President Donald Trump, further claims that Disney's upper levels of management "intentionally manufactured misalignment between the Company and its core customers" in recent years, which has led to the company's market capitalization losing over $100 billion since February of 2021.

"Disney has displayed an inexplicable disregard for its customers and shareholders, forcing radical gender-expansive, anti-White, and anti-police content on families while providing warnings about harmful content on uncontroversial content," said AFL in a press release, which went on to cite several examples of left-wing rhetoric and messages in Disney's various entertainment products, from TV shows to movies.

In February, AFL filed a civil rights complaint against Disney with the U.S. Equal Employment Opportunity Commission, claiming that the company implemented a "patently illegal" hiring program that overwhelmingly favored "underrepresented" groups.

More at the link.

The leftwing shill media even admits that Iger might be in trouble. This Hollywood Reporter shamelessly shills for Iger, but it does concede that the ISS endorsement of Nelson Peltz for the board moved the needle.

If Bob Iger were a Marvel superhero, his power would be persuasion. The Disney CEO has long leaned on his ability to convince others of his plans. From film and TV writers, directors and stars, to Disney shareholders, to the company's own board members, Iger's track record has been impeccable.

Consider possibly the most important deal he ever led: Disney's $4 billion acquisition of Marvel Entertainment in 2009. While Marvel's success since then is not in dispute, at the time the idea of Disney chasing young men via the comic book brand was seen as a real risk. In his 2019 memoir The Ride of a Lifetime, Iger recalls how he pitched a skeptical Steve Jobs on the deal.

Jobs, who had sold Pixar to Disney just a couple of years earlier, was Disney's largest shareholder and a member of the board. He also told Iger that he had never read a comic book in his life, "so I brought an encyclopedia of Marvel characters with me to explain the universe to him and show him what we would be buying," Iger recalled. Jobs ultimately bought into the idea and called Marvel chairman Ike Perlmutter to vouch for Iger, helping to seal the deal.

Okay, that's definitely shilling for Iger. The Hollywood Reporter thinks that Iger's action in picking up The Handbook of the Marvel Universe, which you can buy off Amazon, to show Jobs how many characters Marvel owned was some kind of fifth-dimensional chess.

My God, it's the most basic bitch thing you could possibly do.

Fifteen years later and Disney finds itself at a crossroads, facing a bitter proxy fight with Nelson Peltz and his Trian Partners, who are backed by billions of dollars in Disney stock owned by Perlmutter, all set to come to a head April 3 at Disney's annual meeting.

The former Marvel chairman, who was let go last year in a round of corporate cost-cutting, plays a shadow role in Peltz's push, with the Trian chief telling Financial Times in an interview, "Why do I have to have a Marvel that's all women? Not that I have anything against women, but why do I have to do that? Why can't I have Marvels that are both? Why do I need an all-Black cast?" -- comments that mirror critiques of Iger's strategy by Perlmutter. And Peltz said of Marvel chief Kevin Feige, "I question his record," again mirroring comments from Perlmutter, and sparking a rebuke from Disney, which noted that with $30 billion at the box office, Feige is the top-grossing producer of all time.

...

But the endgame (to lean on a Marvel reference) remains uncertain...

The Wall Street Journal received a leak of how the proxy voting is going so far. Nelson Peltz is ahead of the current board member he's running against, with 22% of ballots in. Jay Rasulo, who did not receive ISS's endorsement (I guess they wanted to play it safe and only endorse one challenger board member), is not getting the votes to defeat his opponent.

Big caveat: the big institutional investors, including the very woke capital management companies like BlackRock, have not voted yet.
In more woke Hollywood news:

Lefties are attempting to cancel Martin Scorcese for working with Fox to present a series about the lives of the saints.

The directorial legend is teaming with Fox Nation for a docudrama series, "Martin Scorsese Presents: The Saints."

The show, according to the right-leaning platform, "will encompass eight one-hour episodes exploring the remarkable stories of eight men and women who risked everything to embody humanity's most noble and complex trait -- faith."

World of Reel noted the partnership is already raising eyebrows in Hollywood.

IndieWire admitted to having "conflicted" feelings about the project. Screen Slate went a step further and said there was even more reason to get "mad" since the docu series was being produced by "Hollywood Zionist" Matti Leshem. Filmmaker Ted Geoghegan called the news "disappointing." Variety writer Joe Leydon frustratingly tweeted "Nope."

The Indiewire headline says it all:

Jesus. Martin Scorsese Is Doing a Show on Fox Nation

The far-Left Daily Beast dubbed the announcement, "holy crap." The alert subtly attacks one of the film's producers, noting Matti Leshem "recently set up an installation commemorating Israeli hostages in Gaza outside Vanity Fair's Oscars afterparty."

Will more outrage follow?

Yes of course it will.

In Woke Videogame News: There's a rumor that an upcoming game race-swapped its main character after hiring Sweet Baby Inc.

This rumor comes from former World of Warcraft Team Lead Mark Kern as part of a thread based on information he alleges to have received from an ex-developer at Compulsion Games.

Kern shared on X, "EXCLUSIVE: Microsoft Xbox mandates changes at studios, hire Sweet Baby Inc, erases white characters. I spoke to ex-devs at two different studios who say DEI is ruining and altering games and studio culture. Changes happened after Xbox meddling."

XBox meddling? Indeed, Midnight's Edge reports that Microsoft and XBOX are now demanding that game publishers make their games woke if they want to get permission to sell the games at all. The new liberal Karen woman in charge of XBOX development has laid down the law that, quote, "If you're not intentionally including, then you're unintentionally excluding" to mandate checkbox diversity in games.

This new "framework" for inclusivity is required for all games to be released on Xbox.

Today was a great day for Team Xbox, as we shared publicly for the first time the Gaming for Everyone Product Inclusion Framework, a set of actionable resources meant to help game developers -- and the wider games industry - weave intentionality and inclusion into the products they make, in order to reach a broader set of players worldwide in a meaningful way.

This "framework" is not "help" for developers -- it's an order.

At Xbox, our mission is to deliver the joy and community of gaming to everyone on the planet. For years, we've been on a journey to help our teams with the tools and knowledge they need to deliver more inclusive products and games, as we aspire to reach the 3+ billion players on the planet.

In 2015, we formed Gaming for Everyone, our inclusive growth strategy and commitment to bring intentional inclusion through product. We wanted to help more players experience the joy of gaming and saw some early momentum and big wins across Team Xbox--like the Xbox Adaptive Controller, a wireless controller designed for gamers with limited mobility that launched in 2018, as well as Sea of Thieves' inclusive pirate customizations which allowed players to select characters that most represented themselves across gender, clothing, hair, body type, and more.

...

In 2019, we created what is now known as the Gaming for Everyone Product Inclusion Framework. Xbox has been using and evolving this framework internally since then and is thrilled to offer it for anyone to use starting today. The framework focuses on four key areas -- or what we call, doorways:

Approachability, which ensures all players, existing and new, experienced and novice, feel safe and welcome.

Representation is about reflecting the diversity of the player and creator community, so everyone can feel that they belong.

Globalization is about making global players feel at home -- and ensuring that their experience has local relevance and respect.

Accessibility is about making games and experiences playable for people with disabilities, and striving to make products accessible by design, from the ground up.

Together, we call these Inclusive Growth Doorways, which are the foundational element to the Product Inclusion Framework. We use the metaphor of doorways because gaming has often been considered a doorway to another world, but for some, those doors have been closed or even locked.

Well, I skipped the PS5, and there is no way in hell I'm buying a woke XBox, so I guess I'm out of this generation of videogames.

One
suggests this is a racially closed shop:

On top of all of this, on the company's FAQ section of their website, one questi."

"

posted by Disinformation Expert Ace at 04:22 PM

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