Does going woke leads to going broke?

Simple rule here folks. Let us refer to this rule as Rule #1. Anytime a person takes an ideological or moral stand, on anything, they will garner supporters, and detractors. Same with a business, or, even a corporation. If you, or a business you run decides to go hard on issues, you better be ready for the consequences, good and bad. Now, Disney, Netflix, and some others have embraced leftist campaigns/issues, and guess what? It seems that Rule #1 is a thing. The Other McCain offers some useful data

Disney’s decision to declare war on Florida parents could not have come at a worse moment for the company, which has been struggling:

The Walt Disney Co. is the worst performing stock in the Dow Jones Industrial Average for the past year, plummeting 31 percent in the last 12 months.

Of the 30 companies that comprise the Dow, Disney has seen its stock drop the most on a percentage basis, followed by 3M, which is down 25 percent, and Home Depot, down 23 percent.

Disney shares were down more than 5 percent Wednesday as investors remained skittish on streaming entertainment companies following Netflix’s disastrous first quarter results. Disney+ subscription results recently disappointed Wall Street when the company reported quarterly results in November, causing the stock to tumble.

Disney’s free fall comes as the company has embraced woke, far-left politics, specifically the exposure of young children to radical LGBTQ ideology. In so doing, the entertainment giant has alienated millions of customers and picked a fight with Florida GOP leaders.

There is more at The Other McCain, please go read it all. But, I think Stacy McCain really hits the bullseye with this

….getting woke and going broke — are not coincidentally related. They are the product of corporate culture defined by insularity and arrogance, when management lets itself become isolated in an echo chamber of sycophants (“Great idea, boss!”) and begins ignoring the basic principles of customer service. The Disney “brand” was originally synonymous with wholesome family entertainment suitable for kids, but as their empire expanded, management lost sight of this brand value and began craving approval from their Hollywood peers.

BINGO!!!!! Disney became Disney, and it was magic, but eventually, just being Disney was not enough, and Disney stopped being Disney. The results of this were pretty easy to predict. Now let us see how quick other CEO’s get the lesson………….