Disney shareholders reject anti-DEI proposal
1. Disney shareholders overwhelmingly rejected an anti-DEI proposal, with only 1% approval. 2. Disney's board advised against the proposal, emphasizing shareholder value preservation. 3. Disney's support for LGBTQ+ has resulted in political backlash and loss of autonomy. 4. Similar DEI proposals were rejected by shareholders at Apple and Costco. 5. Increased pressure on companies to reassess DEI initiatives has become evident.