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South Carolina announces state is divesting from Disney over Twitter spat

The State of South Carolina has stopped investing in The Walt Disney Company after S.C. State Treasurer Curtis Loftis removed the company from the investment list.
Treasurer Loftis expressed concern that Disney has abandoned its fiduciary responsibilities by boycotting corporations and that corporations like Disney should not silence those with less power and money.
According to a State Treasurer's office release, $105 million in Disney debt instruments in the treasurer's portfolio will mature and not be replaced.

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Washington Times

South Carolina hopes Disney divestment sparks wave of states to combat woke agenda

South Carolina will divest its $105 million investment portfolio from the "happiest place on Earth" in the latest move by Republican officials against what they call Disney's woke liberal agenda.

1 year ago·United States

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Breitbart

South Carolina Will No Longer Invest in Disney, Cites Company's Embrace of Far-Left Activism

The state of South Carolina will no longer be investing in The Walt Disney Company, with the state's treasurer saying Disney has "abandoned its fiduciary responsibilities to its investors and customers" by embracing far-left activism.

1 year ago·United States

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Fox Business

South Carolina state treasurer halts Disney investing, says ‘far-left’ activism does not bode well for future

South Carolina State Treasurer Curtis Loftis removed The Walt Disney Company from an approved investment list this week, citing a "structural rot" that has resulted in putting "far-left activism" ahead of fiduciary responsibilities to its investors. "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 is the CEO, now realizes it can't …

1 year ago·United States

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Lucianne

South Carolina announces state is divesting <br/>from Disney over Twitter spat

South Carolina’s state funds will no longer be tied to Disney as Republicans blast the company for pulling ads from X, the platform formerly known as Twitter.

1 year ago

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