We have been discussing shareholder and consumer opposition to companies like Disney and BudLight tying their brands to social agendas and political questions. Now a Gallup survey shows that public support for these companies is continuing to fall, even among Democrats who still overall favor corporate messaging on social and political issues. Only 41 percent now approve of such corporate campaigns. However, neither public support nor sales were the driving forces behind these campaigns.
The support for these corporate campaigns dropped another seven percentage points since the last survey. Given the political alignment of companies like Disney, it is not surprising that they receive their greatest support among Democrats who would likely change their views if companies began to adopt opposing views. Currently 62% of Democrats believe businesses should take a public stance on current events. That is down from 75% just a year ago. Only 17% of Republicans and 36% of independents favor these corporate campaigns.
Yet, even with the drop, these companies knew before that roughly half of their consumer base opposed their entry into social and political messaging. Indeed, after BudLight imploded over its a promotion featuring transgender activist Dylan Mulvaney, other companies boldly moved forward with their own controversial commercials including shaving company Braun, clothing company North Face, shoe company Nike, and jeans company Levi’s.
Disney, however, shows how resistant executives can be to consumer backlash. For years, Disney’s controversial movies and policies have driven away many families — and reduced profits. Now, CEO Walter Igor is saying that he wants to “quiet the noise” with the company’s fight with Florida and take a less controversial public position.
[Pretty tired of being lectured by people who need MY hard earned cash to survive. ~ Beege]
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