Among the proposals up for a vote at this year’s annual meeting of shareholders of The Walt Disney Company was one “requesting an annual report disclosing information regarding lobbying policies and activities.”
This would require Disney to release a report on all state and federal lobby expenditures to be assessed as to whether Disney’s lobbying is consistent with their expressed goals and in shareholder interests.
This proposal was especially relevant considering the recent controversy surrounding Disney donating to all sponsors of Florida’s “Don’t Say Gay” bill, though it was proposed and voted on before this controversy.
The preliminary results showed 32% approved, 63% were against, and less than 5% abstained, meaning it was not approved. Final results will be available within four business days.
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Well, I voted for it, but I don’t have an executivesized stake.
This is an interesting topic because I wonder how many other mega-companies do disclose all of their lobbying.
I do not think any of them do! And that includes Apple which is perhaps the most transparent company around. (They do report their lobby spending I think).
So… Disney is n different.