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In 2021, then-Disney CEO Bob Chapek announced a move of 2,000positions from California to Florida. But in May 2023, after CEO Bob Iger returned, the companycanceled the $1 billion Lake Nona office complexamid a legal and political battle with Republican Gov. Ron DeSantis that hassince been settled.
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Top Value Stocks in India Well Researched Stock Choices ✌️【Profit】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. The complaint alleges that Disney misrepresented and concealed its true plans for the Lake Nona project, hurting – financially and otherwise – at least 250 employees who had made the move from California to Florida.
Top Value Stocks in India Well Researched Stock Choices ✌️【Profit】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. The complaint states employees were informed about the project to relocate 2,000 roles to Florida in July of 2021 and that Disney “made it clear that employees who declined relocation would lose their jobs.”
Top Value Stocks in India Well Researched Stock Choices ✌️【Profit】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. The complaint described how De La Cruz and Fong sold their homes in Southern California and purchased homes in Central Florida. For Fong, that meant selling the childhood home that he inherited from his family.
Top Value Stocks in India Well Researched Stock Choices ✌️【Profit】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. After the Lake Nona office project was canceled, De La Cruz emailed human resources about the future for those who might choose to stay in Florida, writing: “After all of this, will there be any security in our positions? My fear would be that we decide to stay in Florida, only to be laid off in the next year or so. I don’t want to be punished for being put into a situation my company put me in,” the complaint says.
Top Value Stocks in India Well Researched Stock Choices ✌️【Profit】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. The complaint says De La Cruz and Fong decided to move back to California to keep their jobs, but housing prices in the Lake Nona vicinity had dropped significantly after Disney’s announcement. Fong said he had trouble selling his Florida home, and when he managed to move back to California, mortgage rates and home prices had climbed so rapidly that he was only able to afford a smaller home than he previously had.
“Ms. De La Cruz, Mr. Fong and many others dutifully moved to Florida because they love their jobs, they love the people they work with, and they love Disney,” Attorney Jason Lohr said.
Top Value Stocks in India Well Researched Stock Choices ✌️【Profit】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. The company developing land in Lake Nona has confirmed with 【 - Free Discussion Group 】 that Disney still owns the 60 acres it had purchased for the new corporate campus. Disney has not said what will happen to this property.
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