Two activist “investor” wusses moaned about Disney CEO Robert Iger’s participation on President Trump’s business panel. The two wusses chanted that Donald Trump is “racist’ and “bigoted”. They forgot to incoherently recite that he is also homophobic, Islamophobic, Latinophobic, Afrophobic. As to the aforementioned Trump business panel itself, it is certainly a concern to have a bunch of elitist, globalist business executives on his/our (American taxpayers) panel. But the insanity of the attacks against Mr. Trump are reaching every part of our lives. We can’t avoid them. There are plenty of legitimate concerns about his policies, but what’s the deal with the incessant, obnoxious, incoherent, moronic slanders. President Obama’s crappy policies were criticized by plenty of people, without resorting to slandering him, except for comedic effect. So he was a bit effeminate, who cares? His policies blew, that was the problem. If you think Carrot Top’s policies blow, then fine, go after him for that. But enough with the little child-like name calling talking points. Barack Obama was the most racially divisive President of all time. But besides skinhead morons, who went around slandering the guy? And speaking of the (alleged) rampant racism of the white voters in the US, 56% voted for Trump. So even if all who voted for Trump are racists (allegedly), that leaves 44% who aren’t racist (allegedly). And yet in this white racist country, we elected a black, oops, African American, for President twice..twice. So 56% of “racist” whites voted for Trump, and yet now we have suddenly become racists? Even though 96% of blacks voted for Obama – so who are the racists?
Markets are very tough to begin with, and tossing in more confusion/emotion into it is never helpful. So now there are “investors” who are more concerned about political correctness than the bottom line of their own investments. What happened to good old capitalism? We miss you.
From RTT News:
Walt Disney Co. (DIS) CEO Robert Iger has defended his decision to remain on U.S. President Donald Trump’s Business Advisory Council, terming his participation in the forum “a privileged opportunity”.
It was an unusually politically charged annual meeting of Walt Disney shareholders in Denver on Wednesday, with two activist investors urging Iger to stand down from Trump’s business task force. Shareholder representatives at the meeting described the Trump administration as “bigoted” and “racist”.
“I did not believe, nor do I believe that my membership in that group in any way endorses or supports any specific policy of the president or his administration. I think it’s a privileged opportunity to have a voice in the room,” Iger said to Disney’s shareholders.
Iger cited the Broadway hit “Hamilton” to argue for his continued participation, saying it was important to have a voice in the room where decisions are made.
Iger is the lone entertainment executive on the panel that includes CEOs from other companies including IBM and General Motors.
Iger, a Democrat who supported Hillary Clinton in the presidential election, has come under heavy criticism on social media for continuing to remain on the panel.
The CEO also dismissed claims by another activist shareholder that ESPN and ABC News exhibited bias in their coverage of the Trump administration.
At the annual meting, Disney shareholders re-elected eleven members of the board of directors. They also ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent accountants for the fiscal year ending September 30, 2017 and approved the advisory vote on executive compensation.
In addition, shareholders agreed with the Disney Board in rejecting two shareholder proposals – one regarding lobbying disclosure and the other regarding the company’s proxy access bylaw.
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