Monday, 2 October 2023

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Ken Griffin slams Ron DeSantis’s ‘pointless’ fight with Disney

Ken Griffin slams Ron DeSantis’s 'pointless' fight with Disney

Billionaire Ken Griffin criticized Ron DeSantis’s ongoing feud with Walt Disney Co., calling the Florida governor’s battle with a major employer in his state “pointless.”

“It doesn’t reflect well on the ethos of Florida,” Griffin said in an interview with CNBC scheduled to air late Monday. DeSantis needs to “make it clear to the entire United States of America, Florida is open to companies that want to create jobs.” 

“The fight with Disney runs counter to that narrative,” he added.

Griffin, the founder of hedge fund Citadel and market-maker Citadel Securities, relocated his business from Chicago to DeSantis’s state. His criticism comes as DeSantis, a Republican presidential contender, attempts to court donors to fund his struggling campaign. DeSantis is a distant second to former President Donald Trump in the Republican primary polls and has so far failed to win over several major GOP donors — including Griffin — who have held off on contributing to Trump or DeSantis.

DeSantis’s spat with Disney began last year after the company publicly stated its opposition to what critics call Florida’s “Don’t Say Gay” bill, which restricts teaching about gender identity and sexual orientation in classrooms. The feud has ballooned into a political and legal war between the governor and the entertainment giant that employs about 70,000 people in the state.

Griffin signaled support for DeSantis earlier this year, telling Bloomberg in an interview that he would love to see the governor run for president. But he told CNBC he is not impressed with the alternatives to Trump and is undecided on whom he plans to back. 

“I’m still on the sidelines as to who to support in this election cycle.” Griffin told CNBC. “If I had my dream, we’d have a great Republican candidate in the primary who was younger, of a different generation, with a different tone for America. And we’d have a younger person on the Democratic side in the primary who would have his message for our country.” 

Griffin’s decision to withhold support could have major implications on the 2024 election. Griffin has a fortune estimated at $37.1 billion, according to the Bloomberg Billionaires Index. Griffin was the second largest Republican donor in the 2022 midterm elections, giving $72.7 million to GOP candidates, according to OpenSecrets.

“I don’t know his strategy,“ he said of DeSantis. “It’s not clear to me what voter…

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