Abigail Disney: Disney’s Focus on Shareholder Profits Left it Unprepared for Pandemic | PRO Video

“Grasping after profits has left the structure of our society hollowed out and weakened,” Disney says

Few companies have been hit as hard by the COVID-19 pandemic as Disney, which has reorganized, restructured and suffered massive revenue and job losses. But Abigail Disney, the granddaughter of Disney co-founder Roy O. Disney and daughter of longtime Disney executive Roy E. Disney, argues it didn’t have to be this way.

“If they had been less motivated by simply pushing profits to shareholders, but rather to stakeholders, their employees wouldn’t have had to run to food banks quite as quickly,” Disney, a filmmaker and social activist who co-founded production companies Level Forward and Fork Films, told TheWrap’s founder and editor-in-chief, Sharon Waxman, during TheWrap’s Power Women Summit.

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Tim Baysinger

Tim Baysinger

TV Reporter • tim.baysinger@thewrap.com • Twitter: @tim_bays