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Published

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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  • 65% of the sources lean Right
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