The Walt Disney Company is doubling down on Day as President Donald Trump is in the process of removing the controversial program from the federal government, calling it “illegal” in a recent executive order.
Disney touts its commitment to diversity, equity, and inclusion in its annual proxy statement filed this week with the Securities and Exchange Commission, stating that the company believes that DEI affects its board selection process and executive bonuses. I said it's built in.
We have categorized “diversity'' under the “skills and experience'' category.
Filing, this was the first has been reported In that park, a growing number of major companies, including Walmart, Target, Boeing, and Ford, are moving away from DEI initiatives or abandoning them altogether. Such programs were considered divisive and counterproductive as well as legally questionable because they discriminated against white and Asian men on the basis of race and gender.
On Monday, after his second inauguration, President Trump issued an executive order calling DEI programs “illegal” and ordering them to be removed from the federal government.
EO does not affect companies like Disney. But a larger cultural shift away from DEI is undeniable, as businesses and even academic institutions seek to distance themselves from woke ideology.
Public universities in Florida, Texas, Colorado, Iowa and even New Jersey are moving away from Day in the wake of Trump's election victory in November.
At least for now, Disney is still on board with Day.
Disney's proxy filings list DEI as a factor in calculating annual bonuses for top executives, including CEO Bob Iger.
Under Iger's leadership, Disney has positioned itself as an adversary to President Trump, particularly through ABC News.
Disney recently agreed to pay more than $15 million to settle Trump's defamation lawsuit against the network.
In a statement on its behalf, Disney says its board members are evaluated on the basis that they reflect “the diversity of the company's shareholders, employees, customers, guests, and the communities in which it operates.” Masu.
It also states that Disney's board of directors is 40% non-male and non-white.
