don t say gay bill. it prohibits gender identity through the third grade in florida s elementary schools. on march 7, chapek told employees as we ve seen time and again, corporate statements do very little to change outcomes or minds. instead, they re often weaponized by one side or the other to further divide and inflame. he said he did not want the company to become a political football. at that time, more than 150 companies had already signed a letter opposing the legislation. two days later, chapek changed course, amid widespread outrage from disney employees and fans. he called governor desantis to express disappointment with the law. on the same day at an annual shareholders meeting he said our originally approach no matter how much attention didn t quite get the job done. he further apologized at a town hall for staff on march 21. on march 28th, desantis signed the bill into law. we ve seen corporate activism, guns after parkland, social justice after george floyd. the
america. it was that communities trust each other. it was a foundation that believed in not just the tightness of the legal system, he called it social capital. people think it s a recent term an that s what business leaders have to work on, they say it s as powerful as financial capital. when some people say the business leaders get back in their lane, i m wondering what lane are you talking about? the breakdown lane? it s absolutely critical for them to focus and 80% of the american public is behind these moves. but the editorial page of the wall street journal sees a different lesson in disney. quote, there s a warning here to other companies especially big tech and wall street which are mainly based in liberal states but conduct business everywhere. if they try to impose their cultural values they risk losing republican allies on the policy issues that matter most to their bottom lines such as regulation, trade, taxation, antitrust labor law. the disney lesson for ceos is to s