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Tuesday, May 13, 2025

Iger Resigns from President’s Council

Walt Disney Co. Chief Executive Robert Iger resigned on Thursday from the Trump Administration’s Business Advisory Council after it was announced the country would withdraw from an international climate change agreement. Iger made the move public on Twitter where he wrote, “As a matter of principle, I’ve resigned from the President’s Council over the #ParisAgreement withdrawal.” Iger was the second high-profile company executive from the Los Angeles area as he joined Elon Musk, chief executive of rocket developer Space Exploration Technologies Corp. in Hawthorne, who also resigned from the advisory council. President Donald Trump announced that he would abandon the Paris Agreement, a document requiring signing countries to make contributions to mitigate greenhouse gas emissions starting in 2020. Trump claimed the agreement imposed unfair regulations on U.S. businesses and workers. The move has resulted in widespread criticism from state, national and international officeholders, environmental groups and business leaders. Yesterday, Gov. Jerry Brown responded with his own statement on Trump’s action. “Donald Trump has absolutely chosen the wrong course,” Brown said. “He’s wrong on the facts. America’s economy is boosted by following the Paris Agreement. He’s wrong on the science. California will resist this misguided and insane course of action.” Brown also joined N.Y. Governor Andrew Cuomo and Washington Governor Jay Inslee in forming the U.S. Climate Alliance, a state-level coalition to uphold the Paris Climate Agreement and take aggressive action on climate change. Disney (DIS) shares closed down on Friday by $1.03, or about a percent, to $107.18 on the New York Stock Exchange.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.

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