The Devil Mouse has been very, very, very naughty. But instead of getting coal in its stocking this Christmas season, it’s getting an audit of the Reedy Creek Improvement District by the State of Florida, and almost certainly, the IRS, as the Dark Herald explains how and why the wolves are circling CEO Bob Iger.
Reedy Creek owns some power plants, and these are taxpayer-supported. Although, they are primarily to be used as emergency backups. Please excuse this next bit because I’m going to have to say allegedly a LOT. Allegedly, it would take years to bring one of them online. The other has allegedly been turned into an air conditioning plant, but they both allegedly still collect subsidies. I mean why pay for something out of your pocket when you can get Uncle Sucker to buy it for you?
The auditors weren’t permitted entry into these plants because the employees that run these Reedy Creek government facilities DON’T WORK FOR REEDY CREEK.
They work for Disney.
Yeah, who’d have guessed? The chief auditor stated that Reedy Creek produces no electricity at all. This startled the hell out of a lot of us because Disney World has huge banks of solar panels. In fact, they’ve committed quite a bit of ecological damage to the local wildlife trails to build them. To say nothing of how badly those filthy things will poison the land when the inevitable hurricane blasts through and wrecks them.
Disney nonetheless ignored real-world environmental terrorism to pat itself on the back over a being phantom friend of the Earth. Disney World loudly and proudly proclaimed that these panels provide 40% of WDW’s power, cleanly!
Allegedly, all of the electricity provided by those solar panels is sold to a third-party utility. Disney World allegedly buys 100% of its power from Duke Energy and only 10% of that is allegedly provided by anything approaching “clean energy.”
And it just gets even better for the new Ken Lay, previously known as “Bob Iger”.
Bob Iger’s worst nightmare just became the last Bob. In American law, no NDA ever written can stop criminal testimony. Chapek is in a perfect position to rat out literally everyone who got him shitcanned out of the company in the most humiliating way possible.
We all knew that Disney was going downhill fast. It’s been impossible to miss the way that the convergence of the corporation has systematically reduced the value of its intellectual properties. But what we couldn’t have known is how it now appears increasingly plausible that fraud and criminal activity of a greater magnitude than anyone imagined could suffice to take down the entire edifice of corpocratic evil.
UPDATE: Better add another few verys in front of that “naughty”.
New bombshell incoming. Disney was acting as a licensed municipal securities dealer for Reedy Creek. Disney isn’t licensed to do any such thing.