Disney Removes DEI Programs Amidst Federal Crackdown
Disney Corporation has joined several companies in dismantling or altering diversity, equity, and inclusion (DEI) initiatives following President Trump's executive orders targeting such programs in the federal government.
Disney's latest 10-K filing shows the removal of two DEI programs:
* Reimagine Tomorrow: A platform for amplifying underrepresented voices
* The Disney Look: Appearance guidelines aimed at fostering inclusivity
The moves align with President Trump's stance against DEI initiatives at the federal level. Notably, companies like Target, Meta, Walmart, and others have scaled back their diversity efforts in recent weeks.
Disney's DEI pivot is significant given its high-profile stance on political issues, particularly in light of the controversy over its special tax district in Florida. CEO Bob Iger has expressed sensitivity to the perception of "wokeness" while maintaining that Disney's primary mission is entertainment.
Alexandra Canal, Senior Reporter at Yahoo Finance, provides insights into the debate surrounding corporate social responsibility and the potential implications for businesses taking political positions.