Former McDonald's CEO Ed Rensi is launching a new campaign called the Boardroom Initiative to fight back against the woke politics infecting corporate America.
The news comes after Walt Disney Co. essentially declared war on Florida Republicans for passing the Parental Rights in Education bill. The law protects Florida students in kindergarten through third grade from learning about sexual orientation and gender identity in the classroom.
Under pressure from progressive employees, Disney spoke out against the law and promised to fight for its repeal.
What did Rensi say?
Rensi, who was CEO of the "golden arches" from 1991 to 1997, told Fox Business that politics has no business in the corporate boardroom.
"Corporations have no business being on the right or the left because they represent everybody there and their sole job is to build equity for their investors," Rensi said.
"It is not the providence of board members or executives that take shareholder money profit and spend it on social matters," he explained. "Corporations should not get involved in social engineering."
According to Fox Business, Rensi will serve as executive chairman of the Boardroom Initiative. The campaign is composed of several conservative advocacy groups including the Job Creators Network, the Free Enterprise Group, and Second Vote. The goal of the initiative is to buck "woke" politics and policies and defend employees and shareholders from politicized corporate boardrooms.
What about Disney?
In an interview on "Fox & Friends," Rensi said Friday that top Disney executives should be fired because they haphazardly engaged in politics without considering business-side ramifications.
"The fact of the matter is boards of directors and executives of a company work for the shareholders. Their duty is to increase profit in sales in a good way so that shareholders benefit, so they get dividends and additional stock and the company can grow," Rensi explained.
"And when they get off into minority issues and social engineering and political issues, they lose their focus on responsibility," he continued. "In my opinion, the chief legal officer of Disney should be fired. The CEO ought to be fired because they entered into an area without thought and care.
"The people of Florida are not ignorant," Rensi declared. "Nowhere in that bill — and I've read the bill — does it say the word ‘gay’ anywhere. This is a parents' rights bill to make sure that their children aren't exposed to sexual material before they're mature enough to handle it. I think that's reasonable."