The state of South Carolina will no longer be investing in The Walt Disney Company, with the state’s treasurer saying Disney has “abandoned its fiduciary responsibilities to its investors and customers” by embracing far-left activism.
South Carolina State Treasurer Curtis Loftis made the announcement in a press release on Tuesday, saying the state has removed Disney from its approved investment list.
The State Treasurer’s Office portfolio currently contains $105 million dollars of Disney debt instruments that will mature as scheduled and will not be replaced, according to the release.
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— S.C. State Treasurer’s Office (@TreasurerLoftis) December 5, 2023
Loftis said in the announcement: “Disney has abandoned its fiduciary responsibilities to its investors and customers ” by joining far-left activists…
