lentesta
Premium Member
So what stopped them from doing that 5 years ago when they should have started it?
Don't get me started. My medication hasn't kicked in.
So what stopped them from doing that 5 years ago when they should have started it?
I agree, Disney started putting feelers out for wanting to settle and tone this down at the end of 2023 and after the setbacks in the various court cases, they realized that it would be increasingly difficult to put things back to the way they were. I agree with you on the Governor, but I will add that it was likely not the State of Florida initiating settlement talks with Disney, but the other way around.Based on public statements, Disney wanted to cool things off some time ago.
But with DeSantis running for president, any deal would have been spun as a DeSantis loss by his opponents.
Now that he’s no longer running and the national spotlight is no longer on him, I suspect DeSantis was willing to agree to the deal that Disney wanted to make all along.
Disney wants profitable business growth in Florida. This agreement supports that.
I think this is exactly how it went down, Disney’s been trying to resolve this for a year but DeSantis was dug in for personal reasons, now that he’s out of the election FL could finally sit down and listen to what Disney was offering without it “damaging” a campaign. 2 years of infighting with one of your state’s largest employers/revenue generators, and millions of tax dollars spent on lawyers, for political reasons, what a fiasco.I agree, Disney started putting feelers out for wanting to settle and tone this down at the end of 2023 and after the setbacks in the various court cases, they realized that it would be increasingly difficult to put things back to the way they were. I agree with you on the Governor, but I will add that it was likely not the State of Florida initiating settlement talks with Disney, but the other way around.
I don't disagree, but both sides were pretty much dug into their positions. Once the actual court cases started going sideways for Disney there was the realization that some type of settlement needed to be worked out. Just coincidentally it occurred after the Governor's political campaign ended.I think this is exactly how it went down, Disney’s been trying to resolve this for a year but DeSantis was dug in for personal reasons, now that he’s out of the election FL could finally sit down and listen to what Disney was offering without it “damaging” a campaign. 2 years of infighting with one of your state’s largest employers/revenue generators, and millions of tax dollars spent on lawyers, for political reasons, what a fiasco.
Nothing in the court case that is the subject of this settlement went sideways. In fact, another interpretation was that depositions were about to start and DeSantis and the CFTOD didn't want certain things to become public record.I don't disagree, but both sides were pretty much dug into their positions. Once the actual court cases started going sideways for Disney there was the realization that some type of settlement needed to be worked out. Just coincidentally it occurred after the Governor's political campaign ended.
They can say whatever they want. It’s not against any rules as long as you don’t say something binding that directly affects financial responses. Disney never does that. All things plausibly deniable.They can't pretend they are holding off on new development as a threat to the state while telling investors they are supercharging new development in the state. Those two things can't happen at the same time. And as the major taxpayer in the district, we know Disney was footing the bill for these "studies" designed to damage their reputation.
And while they have dismissed the suit/countersuit and avoided setting a potentially bad legal precedent in Florida in relation to the development agreement, they only closed off the claims made in that specific state case.
Would they be allowed a referendum by a certain percentage of voters in district to change the voting type for board seats? Or is that something that only the board can do? In my local district up north it is not that hard to get a ballot question up, as long as you follow the rubric and have enough signatures, but I don't know if similar rules apply for a multi-county special district in Florida.
Mmmmm…I don’t think it would have played out in Disneys favor that way…Nothing in the court case that is the subject of this settlement went sideways. In fact, another interpretation was that depositions were about to start and DeSantis and the CFTOD didn't want certain things to become public record.
Additionally,...I read that all of this does NOT stop the State Investigator General from moving forward. It also has no effect on the "third-party" investor organizations suing Disney over the complaints about the public bonds and more.They can't pretend they are holding off on new development as a threat to the state while telling investors they are supercharging new development in the state. Those two things can't happen at the same time. And as the major taxpayer in the district, we know Disney was footing the bill for these "studies" designed to damage their reputation.
And while they have dismissed the suit/countersuit and avoided setting a potentially bad legal precedent in Florida in relation to the development agreement, they only closed off the claims made in that specific state case.
Would they be allowed a referendum by a certain percentage of voters in district to change the voting type for board seats? Or is that something that only the board can do? In my local district up north it is not that hard to get a ballot question up, as long as you follow the rubric and have enough signatures, but I don't know if similar rules apply for a multi-county special district in Florida.
It was going so well for them at the state level that they basically capitulated to everything the state sought?Nothing in the court case that is the subject of this settlement went sideways. In fact, another interpretation was that depositions were about to start and DeSantis and the CFTOD didn't want certain things to become public record.
There are people who are determined to discuss this in simplistic terms (won! lost!); my earlier post was just to clarify for the ones who are interested in the nature of court cases.Nothing in the court case that is the subject of this settlement went sideways. In fact, another interpretation was that depositions were about to start and DeSantis and the CFTOD didn't want certain things to become public record.
How many of these objectives came about?There are people who are determined to discuss this in simplistic terms (won! lost!); my earlier post was just to clarify for the ones who are interested in the nature of court cases.
The fact is that almost no federal civil cases reach trials. Both cases were destined to be settled. Just need two parties willing to do so.
So you think a guy that invested billions in Disney's goal is to find gross misconduct in finances, report it, and tank the stock price? His goal is NOT to just cut things bare bones and get as much money as possible out of the short term, he is trying to destroy everything if at all possible?If Peltz wins, he will gain 100% access to ALL of Disney's most sensitive documents, reports and metrics. All the finances, all the taxes, all the profit and loss. He will see every penny of the 16 billon they have spent on Disney + etc...
Peltz will see every single scrap of information that Disney does NOT want public......ever.
If Disney did nothing illegal and everything was properly reported and accounted for...Disney can literally LAUGH at Peltz and throw food at him has he sits in his lonely boardroom corner. They can COMPLETELY ignore him.
Ummm,....well? In the extreme UNLIKELY event Peltz "does" find severe misreporting or other problems? Ohhhh boy....Peltz is REQUIRED to blow the whistle and snitch to the IRS, SEC and DoJ. Yes,...THAT scenario could take down the ENTIRE board "if" they were all aware of what Peltz finds.
For the record, I don't think Peltz will win a seat and if he does?...I don't think he will find any legal problems.
I just can't figure out why Iger is so afraid of one man.....Iger of ALL people knows that Disney is "clean" and safe.
The settlement actually included a wide range of release of claims by both parties attributed to things that 'have been, or could have been' part of the two state lawsuits.And while they have dismissed the suit/countersuit and avoided setting a potentially bad legal precedent in Florida in relation to the development agreement, they only closed off the claims made in that specific state case.
Could Disney have surrendered it's fight in order to save it's actual "employees" and ex-RCID staff from being legally liable and in danger? I have to think or hope this was not a factor???.
Interesting! I have a feeling that many Disney and RCID (current or past) employees are breathing a sigh of relief this week. Especially people's names that are all over Disney and RCID email communications over the years.This was the first thing I thought when I read the settlement. It appears to absolve Reedy Creek of any/all malfeasance that may have occurred during the prior administration. And since we know that the Board consisted of "landowners" who Disney trusted enough to (temporarily) sell land in the company controlled cities, there may have been an indemnity clause that would protect those favored employees if they were sued in their capacity as a Reedy Creek Board member.
From the investigative witch hunt, it did look like giving employees "free" Disney passes and discounts should have become a taxable perk once the value of those passes were no longer de minimus (so probably around 15-20 years ago). There were also allegations of improper/inadequate record keeping (which seems extra rich considering the current discovery disputes). That liability risk seemed like the biggest thing that Disney gained from this settlement.
It will be interesting to see what happens going forward, especially now that so many of the prior employees have left.
It was going so well for them at the state level that they basically capitulated to everything the state sought?
It was a legal quagmire going nowhere for either side anytime soon. Disney more so than the state needed to move on
Register on WDWMAGIC. This sidebar will go away, and you'll see fewer ads.