Disney Outmaneuvers DeSantis' Board with Power Play

Disney used a legal clause that name checks King Charles III to apparently thwart Florida Gov. Ron DeSantis' attempt to strip the company of its self-governance power in the state. On Feb. 8, the day before the Florida House voted to put DeSantis in charge, the previous Disney-allied board signed a long-lasting development agreement that drastically limits the control that can be exercised over the company and its district. The agreement includes a royal clause that dates back to 1692 in Britain and would extend its term limit for decades.