♪.
LARRY: YES, SO DISNEY CORP GONE
WOKE.
WHAT ELSE IS NEW?
WHO CASE WHAT THEY THINK ABOUT
EDUCATION POLICY?
WHO CARES WHAT THEY I ABOUT
ANYTHING?
I DON’T CARE.
RUN YOUR DAMN AMUSEMENT PARK.
TO TALK TO ME ABOUT THIS, JASON
CHAFFETZ, FORMER HOUSE MEMBER,
AND FOX NEWS CONTRIBUTOR AND
MARK SIMONE, WOR RADIO HOST.
YOU’RE THE HIGHEST RADIO GUY IN
THE WORLD.
>> YOU’RE THE HIGHEST RATED
TELEVISION SHOW.
THAT’S WHY I’M HERE.
LARRY: THANK YOU FOR THAT, I
APPRECIATE IT.
LOOK, SET THE STAGE REAL QUICK.
THE PARENTAL RIGHTS IN EDUCATION
BILL FROM GOVERNOR DESANTIS,
RIGHT, PROHIBITS FLORIDA
EDUCATORS FROM TEACHING ABOUT
SEXUAL ORIENTATION OR GENDER
IDENTITY IN KINDERGARTEN THROUGH
THIRD GRADE, WHICH DOES NOT
STRIKE ME AS A HORRIBLE REQUEST.
AND THE DISNEY CORPORATION, OUR
GOAL AS A COMPANY IS FOR THIS
LAW TO BE REPEALED BY THE
LEGISLATURE OR STRUCK DOWN IN
THE COURTS AND WE REMAIN
COMMITTED TO SUPPORTING THE
NATIONAL AND STATE ORGANIZATIONS
WORKING TO ACHIEVE THAT.
WE ARE DEDICATED TO STANDING UP
FOR THE RIGHTS AND SAFETY OF
LGBTGQ PLUS.
>> WORRY GET WINNIE THE POOH
GREETING KIDS AND MICKEY MOUSE
GREETING KIDS.
IF I WAS SHAREHOLDER I WOULD BE
OFFEND THE MANAGEMENT OF DISNEY
IS OFFENDING MAJORITY OF
AMERICANS.
WHY TAKE THIS ON?
TAKE AGNOSTIC POSITIONS WITH
GOVERNMENT POLITICS.
STAY OUT OF THIS.
DO WITH THE CORE OF YOUR
BUSINESS.
DRIVING SHAREHOLDER VALUE,
MAXIMIZE NUMBER OF PEOPLE
WATCHING YOUR SHOW,
PARTICIPATING.
BEHIND THE SCENES THEY HAVE AN
AGENDA WHERE THEY NEED A CERTAIN
ETHNICITIES REPRESENTED I
UNDERSTAND THAT BUT DON’T GO OUT
THERE AND PICK ON THE GOVERNOR,
OFFEND OF MAJORITY OF AMERICANS
AND FAMILIES AND THEIR PARENTS.
LARRY: PROBABLY MAJORITY OF
PEOPLE THAT COME TO DISNEY
WORLD.
>> WHAT IS DRIVING THE REVENUE?
LARRY: A MIDDLE CLASS, KIND OF
AMUSEMENT PARK BY THE WAY.
BY THE WAY YOU MENTIONED
SHAREHOLDERS PLAYED INTO THIS
ONE WHICH I LOVE, A YEAR AGO THE
DISNEY STOCK WAS 197.
TODAY IT IS 140.
SO THE 52 WEEK CHANGE IS MINUS
36%.
DID THEY UNDERPERFORM THE
MARKET?
, YES THEY DID.
THE S&P 500 IS UP 16% WHILE
DISNEY IS DOWN 36%.
THEY OUGHT TO STICK TO THEIR OWN
KNITTINGS, PROFITS, EFFICIENCY,
PROFITABILITY?
>> WALT DISNEY IS TURNING OVER
IN HIS FREEZER.
LARRY: YES.
>> IF YOU’RE A DISNEY
SHAREHOLDER YOU SHOULD BE
FURIOUS.
THIS WAS A GREAT STOCK TORE
DECADES.
THEY HAVE NO CONNECTION TO THE
SCANDAL.
DRAG THEMSELVES INTO IT.
EVERY CEO DON’T HOLD TOWN HALL
IN AGE OF CELL PHONES.
EVERYTHING IS RECORDED AND
REPEATED.
IT IS A DISASTER.
THE BILL IS PRETTY SIMPLE.
NO ONE IS ALLOWED TO DISCUSS
SEXUALITY WITH A 6-YEAR-OLD.
THAT SHOULD BE A FEDERAL LAW,
NOBODY ANYWHERE CAN DISCUSS
SEXUAL AT THIS WITH A
SIX-YEAR-OLD.
LARRY: WALT DISNEY WAS A PAL OF
RONALD REAGAN.
HE WAS A CONSERVATIVE LIFESTYLE
GUY BUT CONSERVATIVE
POLITICALLY.
ALL HE WANTED TO DO WAS HAVE
DISNEYLAND, GREAT FILMS.
MICKEY MOUSE AND MINNIE MOUSE.
I GREW UP WITH IT.
NOW WE’RE TALKING ABOUT WOKE AND
EDUCATION AND LGBTQ.
I DON’T CARE ABOUT THE SEXUAL
THING.
I’M SAYING, WHO CARES?
THIS IS A GENERIC ISSUE, JASON
CHAFFETZ.
THESE COMPANIES ARE WEIGHING IN
ON POLICY ISSUES WHETHER ANYONE
ASKS THEM OR NOT.
I DON’T GET THAT.
I HAD LUNCH WITH SOMEBODY TODAY,
NO NAME, WHO IS A CORPORATE
ADVISOR, WHO SAID, WELL THEIR
LOWER LEVEL EMPLOYEES.
I SAID, SO WHAT?
TELL THEM PIPE DOWN.
THAT IS NOT THE BUSINESS THEY’RE
IN, IF THEY DON’T GET THAT.
>> AFTER HOURS IF THEY WANT TO
PARTICIPATE WITH A POLITICAL
PARTY OR EXERCISE THEIR FREE
SPEECH, GREAT.
BUT WHEN YOU COME TO WORK AT
YOUR COMPANY DO THE WORK YOU’RE
SUPPOSED TO DO.
DON’T BE OUT THERE TRYING TO
ADVOCATE FOR A POLITICAL AGENDA
THAT IS GOING TO BE DIVISIVE.
THEY PICKED THE WRONG ONE.
MAKING RON DESANTIS LOOK LIKE
A -- TO GO OUT AND SUGGEST THAT
SECOND GRADERS SHOULD BE TAUGHT
ABOUT THEIR SEXUAL PREFERENCES
AND GENDER CHOICES, IT IS
PERVERTED INTO MY OPINION.
LARRY: DESANTIS SHOULD GIVE THEM
A TAX CREDIT FOREPROMOTING HIS
PRESIDENTIAL CAMPAIGN.
SEND SOMETHING TO THE PAC.
ME THINK HE DOTH PROTEST TOO
MUCH, HE IS AN EXCELLENT
GOVERNOR, NO QUESTION.
THIS KIND OF THING FROM THIS
COMPANY HELPS HIM.
DOESN’T HURT HIM, HELPS HIM.
>> SHOULD BE DECLARED A CAMPAIGN
CONTRIBUTION.
LARRY: CAN I ASK YOU THOUGH, WHY
DO THESE COMPANIES, WE HAD THIS
WITH THE ALL-STAR GAME IN
ATLANTA WHEN DELTA AIR LINES AND
COUPLE OTHERS WOUND UP LOSING
THE ALL-STAR GAME, WOUND UP
LOSING MONEY FOR BLACK OWNED
BUSINESSES WHY DO THEY FEEL
COMPELLED TO GET -- THESE ARE
NOT TAX ISSUES WHICH AFFECT THE
COMPANY, REGULATORY ISSUES,
THEY’RE SOCIAL ISSUES, LEFT-WING
SOCIAL ISSUES.
WHAT IS UP WITH THAT.
>> THEY’RE TERRIFIED.
GREAT CEOs FROM JACK WELCH,
LEE IOCOCCA, RUPERT MURDOCH,
CAN’T GET THEM PANICKING GETTING
AFRAID.
WE’RE IN THE MUSIC PARK
BUSINESS.
WE MAKE FERRIS WHEELS.
WE DON’T GET INVOLVED IN
EDUCATION.
IT IS NOT OUR FIELD.
THEY’RE AFRAID NOT TO BE TOTALLY
WOKE AND CAVE IN ON EVERYTHING.
>> THEY DO SO WITH THEIR OWN
PERIL.
PAYING THE PRICE.
LARRY: STOCK PRICE IS DOWN 36%.
SERVES THEM RIGHT.
JASON CHAFFETZ, MARK SIMONE,