• Matt Esnayra

Disney CEO Bob Iger quits Newsom's task force

Walt Disney Company's Co-CEO Bob Iger has abruptly resigned from Gov. Gavin Newsom's Coronavirus economic recovery task force due to mounting tensions over California's hesitation to reopen theme parks, per the LA Times.

Why it matters:

The travel and tourism industry has been hit hard by the ongoing coronavirus pandemic. Disneyland Park Resort in Anaheim has been closed since March, and Walt Disney World in Orlando has been able to open but under social distancing guidelines. According to the Times, the Newsom administration is expected to announce this week their newly created COVID-19 procedures for reopening theme parks. Still, Disney and other theme park operators have criticized a draft proposal that they view fails to identify and address their needs.

  • Earlier this week, a Disney executive announced they plan to lay off 28,000 park employees in both Calfornia and Flordia.

  • Chairman of Disney Parks, Josh D'Amaro, partially blames Sacramento saying, California's "unwillingness to lift restrictions that would allow Disneyland to reopen – we have made the very difficult decision to begin the process of reducing our workforce at our Parks."

  • Bob Iger joined Governor Newsom's 108-member task force in April. The panel, which consists of former Calfornia governors Arnold Schwarzenegger, Gray Davis, LA Times owner Dr. Patrick Soon-Shiong, Apple CEO Tim Cook, and fmr Chairwoman of the Federal Reserve Janet Yellen, to name a few.

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