During an absolute shitshow dumpster fire of an investor meeting, somebody got through the screening process and asked Iger point blank about how Disney's shift into a more political stance across the board both openly (opposing the anti-grooming act a.k.a. 'don't say gay bill') and in its content. Iger, who CLEARLY wasn't prepared for a question the screeners should have caught (and likely were told a different question), ends up going on some roundabout answer about how Disney is getting punished through something about bonds.
Bonds that, legally, are
not Disney's, but meant for the Reedy Creek Improvement District, and are not subject to being repaid under that pretense.
The whole Reedy Creek thing is, of course, a result of Walt wanting to build a company town of the future with EPCOT, and Florida agreed back in the 70s because they wanted a Disneyland. However, the purpose of Reedy Creek is that it's supposed to be a seperate entity from Disney, just
controlled by Disney, and the money should be going into municipal services and other things that benefit the people actually living in Reedy Creek. Previously, Iger has stated this is still the case.
However, as a result of what he said, it makes it sound very clear that he considers Disney and Reedy Creek one and the same. Which investigations are now underway regarding and if it turns out Disney's been using money meant for public works to instead develop shit exclusively for Walt Disney World, those bonds can be
canceled. Meaning all that money needs to be paid back
immediately and more than likely charges filed for what is being called potential securities fraud.
Given the absolute disaster of finances Disney's been in after COVID kneecapped the parks in 2020 and the more recent collapse of Star Wars and the impending collapse of the MCU if they're all the same caliber as Ant Man 3, getting the actual government involved over legitimate financial crime is the last thing Iger needs.