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Disney Shareholders Overwhelmingly Reject Proposal to Sever Ties With LGBTQ Rights Group at Annual Meeting (variety.com)

submitted 1 week ago by neme@lemm.ee to c/entertainment@lemm.ee

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[–] will_a113@lemm.ee 24 points 1 week ago (2 children)

Disney’s board recommended voting against the proposal to end its participation in the HRC’s Corporate Equality Index. Shareholders concurred, with only 1% of shares voted in favor the proposal, according to the preliminary tally.

That’s damn near unanimous.

[–] grue@lemmy.world 5 points 6 days ago

Disney’s board recommended

That’s damn near unanimous.

In an age of stock ownership dominated by "dumb money" (stocks held within index funds, which always vote with the board as a matter of fund [lack of] management policy), that's to be expected. It's weird when more than a tiny minority of shareholders don't vote with the board.