Disney Undermines DeSantis' Board in Power Struggle

1 min read
Source: CNN
Disney Undermines DeSantis' Board in Power Struggle
Photo: CNN
TL;DR Summary

Disney and Florida Governor Ron DeSantis are still at odds, as the new board appointed by DeSantis to oversee Disney's special taxing district is considering legal action over a multi-decade agreement reached between the entertainment giant and the outgoing board in the days before the state's hostile takeover last month. The agreement would give Disney control over much of its vast footprint in Central Florida for 30 years and, in some cases, the board can't take significant action without first getting approval from the company. The board has retained multiple financial and legal firms to investigate Disney's past behavior, and DeSantis' office suggests the agreements may have significant legal infirmities that would render them void.

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