Disney Shareholders Demand Documents Tied to Suspension
- This situation highlights the increasing pressure on corporations to navigate politically charged environments.
- Attorneys representing two groups of Disney shareholders are demanding records related to the company's decision to suspend Jimmy Kimmel under pressure from the Trump management.
- As Variety notes, the letters were sent to Disney CEO Bob Iger on behalf of the American Federation of Teachers (which is affiliated with the AFL-CIO) and the...
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Attorneys representing two groups of Disney shareholders are demanding records related to the company’s decision to suspend Jimmy Kimmel under pressure from the Trump management.
As Variety notes, the letters were sent to Disney CEO Bob Iger on behalf of the American Federation of Teachers (which is affiliated with the AFL-CIO) and the nonprofit Reporters Without Borders.It says the records request is “to investigate potential wrongdoing, mismanagement, and breaches of fiduciary duty” by the Disney board, executives, or others connected with the decision to suspend Jimmy Kimmel Live!.
“There is a credible basis to suspect that the Board and executives may have breached their fiduciary duties of loyalty, care, and good faith by placing improper political or affiliate considerations above the best interests of the Company and its stockholders,” the letter reads.
While the AFT’s and RWB’s attorneys did write that the groups were “pleased” that ABC “did the right thing and put Jimmy Kimmel back on the air,” they noted that Disney’s “stock suffered significant declines” following the original decision. The letter also expressed concern over Trump’s continued attacks on free speech, including his threat to sue ABC following Kimmel’s
Key Players Involved
- Disney: The corporation facing the shareholder demands.
- Bob Iger: Disney CEO, recipient of the letters.
- American Federation of Teachers (AFT): Shareholder group and labor union.
- Reporters Without Borders (RWB): Shareholder group focused on