South Carolina removes Disney from investment portfolio due to ‘far-left’ activism

South Carolina State Treasurer Removes Disney from Approved Investment List

South Carolina​ State Treasurer‍ Curtis Loftis made a⁣ bold move‍ on ​Tuesday by removing The Walt Disney Company from the state’s approved investment list. Loftis cited the company’s “far-left” activism as the reason behind his decision. In a statement, he expressed his concern that Disney had abandoned its fiduciary responsibilities to its investors and⁢ customers in order to further its own political agenda.

According to reports, ⁢the South Carolina State Treasurer’s Office ⁢portfolio currently‍ holds $105 million of Disney debt instruments that will soon mature. However, Loftis has made it clear that these instruments will not be replaced once they are paid⁢ out.

Loftis’ decision was prompted by threats made by⁤ Disney CEO Bob Iger ‍to pull advertising off Elon Musk-owned speech platform X. This platform ⁣allows for more freedom of‍ speech than most, which has angered⁣ leftist⁣ censors and ⁣organizations ⁣like Media Matters for America. These groups ⁣have been pressuring woke corporations like Disney to withdraw their advertising⁢ from X. ‍Media Matters has been known to produce deceptive studies aimed at pressuring large firms to‍ pull their advertising⁢ from platforms that don’t align with their leftist agenda.

Musk, in response to the threats, told Iger and ⁢other advertisers to “go ⁣f-ck yourself” during a recent summit. Loftis condemned the use of boycotts by multi-billion-dollar corporations to silence legitimate debate and emphasized the importance of freedom of ⁣speech in America.

Disney’s Financial Woes

Disney’s financial troubles have been exacerbated by a series of box office ⁢flops and failing franchises, such as the Marvel Cinematic Universe and Star Wars. Recent animated releases like “Elemental”‌ and “Wish” have been major disappointments, with “Wish” earning less than expected over its opening ‍Thanksgiving weekend. ‌The company has also faced losses with films ⁢like “Strange World.”

These ​financial struggles can be attributed to parents choosing not to support⁣ Disney ⁣due to its support and promotion of the sexualization and radical leftist indoctrination of children. The company has been involved in fights against laws that protect children from LGBT ideology​ in the classroom. Additionally, it has been exposed for its internal⁤ commitment to inserting LGBT propaganda in its kids’ programming.

[READ: Bombshell Audit Reveals How Disney Bribed And Scammed Its Way Into An Unaccountable Florida Empire]

CEO of the State Financial Officers Foundation Derek Kreifels criticized Disney for prioritizing politics over its fiduciary duty to investors. He commended ⁤Treasurer Curtis Loftis for taking a stand against Disney’s ​misuse of investment funds.

Evita Duffy-Alfonso ‍is a​ staff writer for ⁢The Federalist ⁢and co-founder of the Chicago Thinker. She is passionate about the Midwest, lumberjack sports, writing, and her ⁤family. Follow her on Twitter at @evitaduffy_1⁤ or contact her at ⁤[email protected].

What is the role of IA Matters for America in pressuring companies to pull their advertisements from⁣ shows hosted by controversial figures?

Ia Matters⁢ for America, a left-wing media watchdog, has targeted‍ conservative voices⁢ on the platform and successfully pressured ⁢companies to pull their advertisements from shows ⁤hosted by Alex ​Jones and other controversial figures.

Loftis stated, “I cannot, in good conscience,⁤ continue to support a company that cowers to‍ the demands of biased groups and limits the free‌ expression of ideas. Disney’s actions ‍are an affront to the principles ⁢of free speech and open dialogue.”

This‍ move by the ‍South ⁢Carolina State Treasurer follows a growing trend of conservative backlash against corporations that engage ⁤in political activism. Many conservatives argue that companies should focus solely on their financial success and not use their influence to‌ push a partisan⁤ agenda.

The Walt Disney Company has⁤ faced criticism before for its involvement in politics. In 2019, the company was pressured to boycott the state of Georgia over⁤ its⁣ “heartbeat ‍bill” that aimed to restrict abortion. Disney, along⁤ with other major entertainment companies, threatened to halt film production in the⁣ state if ⁢the bill became law. Ultimately, the‍ bill was signed into law, but no major consequences⁢ were faced by the entertainment industry.

The removal ​of Disney from the state’s approved investment list may have financial implications for the company. ⁢South Carolina is the ninth-largest ⁤shareholder among​ states with investments in ⁢Disney. However, it⁢ is unclear if other states⁤ will follow Loftis’ lead and divest from the ‍company.

Disney, on ‍the other hand, has⁣ defended its political actions, stating‍ that they align with ​the company’s ethics and values. The company has been praised by ‌progressive activists for taking a stance​ on issues such ⁢as diversity and inclusivity.

It remains to be seen what impact this decision by‍ the South Carolina State Treasurer will have on Disney’s financial standing and its relationship with other states. The move highlights the increasing polarization between corporations ​and political ‌ideologies, as well as the growing influence of activist groups on corporate⁣ decision-making.

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