Disney's 'Woke' Employees Sweating Bullets after Top Executive Fired
Peter Rice fired after targetting Florida's anti-child grooming laws
Disney's "woke" employees are reportedly sweating bullets in the wake of top executive Peter Rice's firing.
Rice, who served as Disney’s chairman of entertainment and programming, was fired by CEO Bob Chapek this week in a major shakeup at the company.
Rice, who famously went to war with Gov. Ron DeSantis over Florida's anti-child grooming law, was Chapek's presumed successor.
Rice’s unexpected firing has left employees stunned, with "woke" staffers now fearing for their own future.
One insider revealed that “morale is terrible,” according to The Hollywood Reporter.
The Walt Disney Co. has seen its stock take yet another beating since the firing, dropping nearly 6 percent.
Disney’s already battered stock dropped down 5.6 percent since Thursday’s announcement.
Shares of Disney had already taken a major beating after the company committed itself to radical LGBTQ activism and declared war on DeSantis over the state’s Parental Rights in Education law.
The Florida law bans the teaching of sexuality and gender ideology to children in kindergarten through third grade.
For the year, Disney shares are down a whopping 36 percent.
The stock is the worst performer on the Dow Jones Industrial Average for the past 12 months.
Chapek’s decision to fire Rice is reportedly not sitting well with "woke" employees, many of whom revered the former 20th Century Fox executive.
“Chapek just made another massive mistake,” one Hollywood executive told the Reporter.
“It’s horrendous,” a Disney insider told the magazine.
“It’s not good for the company. Morale is terrible.”
Geoff Morrell, the chief corporate affairs officer for Disney, resigned in April after three months on the job.
Morrell helped craft Disney’s response to Florida’s Parental Rights in Education law.
It remains unclear if the fallout from Disney’s fight with Florida was the cause of Rice’s firing.
After Disney declared war on Florida by vowing to fight the law, the state revoked Walt Disney World’s self-governing status in Orlando, potentially exposing the company to onerous new taxes and regulations.
Statement from The Walt Disney Company on signing of Florida legislation: pic.twitter.com/UVI7Ko3aKS— Walt Disney Company (@WaltDisneyCo) March 28, 2022
Rice has expressed his opposition to the Florida law, reportedly saying, “I see this law as a violation of fundamental human rights.”