Ok, this one is weird, apparently on the same day (2/8/23) that the Florida Legislature met and transferred control of the Reedy Creek Improvement District that had special powers to oversee the Disney World property to a board appointed by Desantis, the existing board transferred most of it's powers to the Disney Corporation for 30 years.

The weird part, is that the transfer happened via noticed public hearings, but the new board was unaware that the board they are serving on had been stripped of most of it's powers until today.

Saw it on my local news:https://www.wfla.com/disney/desantisland...its-power/

"The new board controlling the special district that oversees Walt Disney World was stripped of nearly all its powers through an agreement made before the state took control of the district, lawyers for the new board said Wednesday.

In February, Gov. Ron DeSantis signed a law stripping the entertainment giant of its control over the special taxing district, the Reedy Creek Improvement District. The law changed the district’s name to the Central Florida Tourism Oversight District and gave the governor power to appoint a new Board of Supervisors.

The state’s takeover came months after the governor clashed with Disney executives over the company’s opposition to Florida’s Parental Rights In Education legislation, the so-called “Don’t Say Gay” bill that later became law."

And on Fox: https://www.foxnews.com/politics/war-cor...rol-disney

"According to developer agreements signed into effect Feb. 8, the same day the Florida House passed legislation to control aspects of Disney’s land, the Reedy Creek Improvement District transferred most of its power to Disney for the next 30 years.

The moves were not widely discovered until a Wednesday meeting of the Central Florida Tourism Oversight Board, formerly known as the Reedy Creek Special District."

So are they saying RCID, controlled by Disney, transferred its power to another board, also controlled by Disney, to avoid state takeover?

Interesting.

(03-29-2023 05:30 PM)umbluegray Wrote:  So are they saying RCID, controlled by Disney, transferred its power to another board, also controlled by Disney, to avoid state takeover?

Interesting.

this goes full circle to mlb’s posit about law and lawyers (coupled with muh response) … corporate law is ‘suspect’ at best…

(03-29-2023 06:36 PM)stinkfist Wrote:  

(03-29-2023 05:30 PM)umbluegray Wrote:  So are they saying RCID, controlled by Disney, transferred its power to another board, also controlled by Disney, to avoid state takeover?

Interesting.

this goes full circle to mlb’s posit about law and lawyers (coupled with muh response) … corporate law is ‘suspect’ at best…

Sounds like the state can sue the former board members individually.

They can also pass a new state law.

Did he really think Disney was just going to sit quietly and let him collect the Mouse's scalp for his intolerance-fueled POTUS campaign in waiting? Disney was around long before Gov. DeSantis, and they'll be around long after he has mercifully faded from prominence. Most governors have more sense than to war with major pillars of their state's economy just to score a few cheap points in the culture wars.

(03-29-2023 10:04 PM)Gamenole Wrote:  Did he really think Disney was just going to sit quietly and let him collect the Mouse's scalp for his intolerance-fueled POTUS campaign in waiting? Disney was around long before Gov. DeSantis, and they'll be around long after he has mercifully faded from prominence. Most governors have more sense than to war with major pillars of their state's economy just to score a few cheap points in the culture wars.

Reactions like this ^^^ are the best proof that DeSantis is on the right track and will be a formidable force in the 2024 campaign and beyond.

As to the Reedy Creek drama, I can’t say what the fallout will be without reading the fine print. But at the end of the day, Disney and it’s proxies will have the same legal rights and privileges as any other private land owner in FL. No more and no less.

It will be a good legal battle. Does a BOD have the legal standing to give away their authority? Don’t know if they were appointed, and if so, by whom, but I certainly wouldn’t think the BOD at Disney could give their powers of governance away. Could you imagine if say Google did a hostile takeover of Disney and Disney granted oversight rights to Coca Cola the day before the sale closed but didn’t tell anyone?

I'm guessing the lawyers that Disney employees or engages are a bit smarter than government employees.

I'm scrolling thru the Law. It seems like the Law spells out the powers of the State-approved board. It's not a simple 'the government chooses the board'. It lists the duties of the board in the law. It gives them authority. It doesn't matter if the old board gave away their authority. This law says this board has this authority.

(03-30-2023 07:32 AM)fsquid Wrote:  I'm guessing the lawyers that Disney employees or engages are a bit smarter than government employees.

Yeah they really kicked the governments ass, meanwhile Disney just laid off about 7000 people

Big win.

(03-30-2023 07:39 AM)shere khan Wrote:  

(03-30-2023 07:32 AM)fsquid Wrote:  I'm guessing the lawyers that Disney employees or engages are a bit smarter than government employees.

Yeah they really kicked the governments ass, meanwhile Disney just laid off about 7000 people

Big win.

Yes, layoffs happen in the Corporate world.

(03-30-2023 07:34 AM)Bronco14 Wrote:  I'm scrolling thru the Law. It seems like the Law spells out the powers of the State-approved board. It's not a simple 'the government chooses the board'. It lists the duties of the board in the law. It gives them authority. It doesn't matter if the old board gave away their authority. This law says this board has this authority.

What is wild is that the agreements that the old board did sat in the public domain for about a month without anyone noticing.

(03-29-2023 10:04 PM)Gamenole Wrote:  Did he really think Disney was just going to sit quietly and let him collect the Mouse's scalp for his intolerance-fueled POTUS campaign in waiting? Disney was around long before Gov. DeSantis, and they'll be around long after he has mercifully faded from prominence. Most governors have more sense than to war with major pillars of their state's economy just to score a few cheap points in the culture wars.

Funny how the left sides with corporations now.

(03-30-2023 07:32 AM)fsquid Wrote:  I'm guessing the lawyers that Disney employees or engages are a bit smarter than government employees.

Do you believe that having smarter lawyers will enable Disney to maintain RCID’s pre-2023 legal position?

(03-30-2023 07:53 AM)fsquid Wrote:  

(03-30-2023 07:39 AM)shere khan Wrote:  

(03-30-2023 07:32 AM)fsquid Wrote:  I'm guessing the lawyers that Disney employees or engages are a bit smarter than government employees.

Yeah they really kicked the governments ass, meanwhile Disney just laid off about 7000 people

Big win.

Yes, layoffs happen in the Corporate world.

yeah companies ditch 7000 workers all the time

(03-30-2023 08:16 AM)shere khan Wrote:  

(03-30-2023 07:53 AM)fsquid Wrote:  

(03-30-2023 07:39 AM)shere khan Wrote:  

(03-30-2023 07:32 AM)fsquid Wrote:  I'm guessing the lawyers that Disney employees or engages are a bit smarter than government employees.

Yeah they really kicked the governments ass, meanwhile Disney just laid off about 7000 people

Big win.

Yes, layoffs happen in the Corporate world.

yeah companies ditch 7000 workers all the time

It's cheaper than buying new mouse and duck suits.

(03-30-2023 08:16 AM)shere khan Wrote:  

(03-30-2023 07:53 AM)fsquid Wrote:  

(03-30-2023 07:39 AM)shere khan Wrote:  

(03-30-2023 07:32 AM)fsquid Wrote:  I'm guessing the lawyers that Disney employees or engages are a bit smarter than government employees.

Yeah they really kicked the governments ass, meanwhile Disney just laid off about 7000 people

Big win.

Yes, layoffs happen in the Corporate world.

yeah companies ditch 7000 workers all the time

It's about 3% of their employee base. You could even call it a rightsizing.

(03-30-2023 07:32 AM)fsquid Wrote:  I'm guessing the lawyers that Disney employees or engages are a bit smarter than government employees.

Private attys lose cases all the time against prosecutors.

(03-30-2023 08:32 AM)fsquid Wrote:  

(03-30-2023 08:16 AM)shere khan Wrote:  

(03-30-2023 07:53 AM)fsquid Wrote:  

(03-30-2023 07:39 AM)shere khan Wrote:  

(03-30-2023 07:32 AM)fsquid Wrote:  I'm guessing the lawyers that Disney employees or engages are a bit smarter than government employees.

Yeah they really kicked the governments ass, meanwhile Disney just laid off about 7000 people

Big win.

Yes, layoffs happen in the Corporate world.

yeah companies ditch 7000 workers all the time

It's about 3% of their employee base. You could even call it a rightsizing.

Top execs are going

(03-30-2023 08:45 AM)umbluegray Wrote:  

(03-30-2023 07:32 AM)fsquid Wrote:  I'm guessing the lawyers that Disney employees or engages are a bit smarter than government employees.

Private attys lose cases all the time against prosecutors.

They do but unless this is a cut and dry issue (I can't really tell), I'll always bet on the ones that charge $400 an hour.