• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Walt Disney Co. CEO Bob Iger poses on the champagne-colored red carpet during the Oscars arrivals at the 95th Academy Awards in Hollywood, Los Angeles, California, U.S., March 12, 2023. REUTERS/Eric Gaillard
Walt Disney Co. CEO Bob Iger poses on the champagne-colored red carpet during the Oscars arrivals at the 95th Academy Awards in Hollywood, Los Angeles, California, U.S., March 12, 2023. REUTERS/Eric Gaillard
A Walt Disney World photographer holds a Pride rainbow-coloured Mickey Mouse cutout before the "Festival of Fantasy" parade at the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022.  REUTERS/Octavio Jones
A Walt Disney World photographer holds a Pride rainbow-coloured Mickey Mouse cutout before the "Festival of Fantasy" parade at the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022. REUTERS/Octavio Jones
Home
Business
Media & Telecom

Disney CEO questions continued Florida investment in clash with DeSantis

May 10th, 2023 | 21:43 PM BUSINESS Media & Telecom 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Satellite maker Muon Space valued at $1.5 billion, source says
UK cinemas restricting Meta AI and other smart glasses over piracy concerns
Breaking's next move: escaping the long shadow of Raygun
Satellite proliferation imperils astronomical observations, study finds
By Lisa Richwine, Dawn Chmielewski

Walt Disney Co (DIS.N) Chief Executive Bob Iger on Wednesday accused Florida politicians of retaliating against the company and questioned the state's interest in the entertainment conglomerate's continued investment in Walt Disney World.

Disney has accused Florida Governor Ron DeSantis and his supporters of "weaponizing" the state government to punish it for exercising free-speech rights last year when the company criticized a state measure banning classroom discussion of sexuality and gender identity with younger children.

Iger said on Wednesday Disney has built a resort that employs more than 75,000 people and attracts millions of visitors each year, using a special district established more than 50 years ago to foster development in central Florida. It plans to invest $17 billion over the next decade expanding Walt Disney World.

"We operate responsibly. We pay our fair share of taxes. We employ thousands of people. And by the way, we pay them above the minimum wage, substantially above the minimum wage dictated by the state of Florida," Iger said in remarks made during the company's quarterly investor call.

"So I'm going to finish ... by asking one question: Does the state want us to invest more, employ more people and pay more taxes, or not?"

Iger's comments were unusual for the executive known for his genial, even disposition. He took issue with concerted efforts to dismantle the special district that he said enabled Disney's growth, and put it in the hands of state-appointed overseers. He said Disney has been forced to file a lawsuit in federal court to protect its business interests.

The Florida tourism oversight board responded in early May by filing its own lawsuit in state court seeking to preserve its role overseeing development in and around Disney's theme parks and void "backroom deals" favorable to the entertainment giant.

DeSantis, who is expected to declare his candidacy for U.S. president, has repeatedly attacked "woke Disney" in public remarks, and said he is leveling the playing field for a company that has enjoyed unfair advantages.

Iger disputed that, noting some 2,000 special districts exist in Florida to foster development and that "we were one of them."

A spokesperson for DeSantis did not immediately respond to a request for comment.

  • Topic
  • WALT DISNEY
  • RESULTS/FLORIDA (UPDATE 1)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Satellite maker Muon Space valued at $1.5 billion, source says

Related Posts

Media & Telecom
August 20th, 2026

Satellite maker Muon Space valued at $1.5 billion, source says

Media & Telecom
August 20th, 2026

UK cinemas restricting Meta AI and other smart glasses over piracy conce...

Media & Telecom
August 20th, 2026

Breaking's next move: escaping the long shadow of Raygun

Media & Telecom
August 20th, 2026

Satellite proliferation imperils astronomical observations, study finds

Media & Telecom
August 20th, 2026

'Baby Shark' boy returns to stage as a K-pop singer

Media & Telecom
August 19th, 2026

Swiss voters look set to reject proposal to change neutrality, poll show...

The Wire
Aug 20th 3 h ago
Formula 1

TWG Global says Cadillac F1 team and motorsport interests n...

Aug 20th 3 h ago
Soccer

Carrick praises Rashford's revival as Manchester United eye...

Aug 20th 3 h ago
Tennis

Alcaraz confirms US Open return after four-month injury lay...

Aug 20th 3 h ago
Asia Pacific

UN says two staff members detained in Afghanistan have been...

Aug 20th 3 h ago
Sports

Jets' Woody Johnson buys minority stake in Aston Martin F1 ...

TRENDING ON FINANCETIME
Aug 20th, 2026 Transactional

Carlyle-backed YipitData explores $2.5 billion-plus sale, sources say

Aug 20th, 2026 Sports

Blue Jays' Vladimir Guerrero Jr. (concussion) on rehab assignment

Aug 20th, 2026 Business

US Treasury buyback briefly eases bond rout, but debt worries persist

Aug 20th, 2026 Sports

Colts TE Tyler Warren (groin) to miss one week

Aug 20th, 2026 Cricket

Bangladesh Premier League will not take place this season, says BCB president

Markets-Sectors
BASIC MATERIALS -0.19%
TECHNOLOGY -0.29%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT