{
  "docId": "019dd923-622b-71dc-a6db-74a0f9f25c29",
  "docSlug": "f5c008b9a0d4",
  "documentTitle": "The Walt Disney Company (DIS)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2023-01-12 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 10,
  "pageCount": 35,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "before_after",
  "function": "illustrate_case",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Includes a quote from former CEO David Taylor validating the significance of the change.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "process_diagram",
    "quote_block",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-74a0f9f25c29/10",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-74a0f9f25c29",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-74a0f9f25c29.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-74a0f9f25c29#slide-10",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "In November 2018, consistent with Trian's recommendations, P&G unveiled a new organization structure designed to \"de-matrix\" the company and create end-to-end P&L and operational responsibility, including a reduced number of business units",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-78b5-7512-b5b1-ee97239d7203",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.82,
        "x": 0.09,
        "y": 0.42
      },
      "kind": "diagram",
      "text": "P&G's Old Structure (simplified) vs P&G's New Structure (simplified)",
      "attrs": null,
      "subkind": "process",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "19dc163d-7fed-41c7-95d4-466e8a2f615b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.82,
        "x": 0.09,
        "y": 0.87
      },
      "kind": "disclaimer",
      "text": "Source: Procter & Gamble Form 10-Ks, Form 8-Ks, call transcripts and investor presentations. While Nelson Peltz is a former director of The Procter & Gamble Company, none of the information contained in this presentation or otherwise provided to you is derived from non-public information of such company. Trian does not endorse third-party estimates or research, which are used in this presentation solely for illustrative purposes. Note: \"SBU\" defined as Strategic Business Unit. (1) P&G sells to more than 180 countries according to P&G's 2017 Annual Report on Form 10-K. Given the numbers of countries where P&G management operates on-the-ground is not public, we estimate half for simplicity",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "207b07ff-c447-4b19-a67d-355b058b3adf",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.82,
        "x": 0.09,
        "y": 0.15
      },
      "kind": "list",
      "text": "Prior to Trian's involvement, P&G had underperformed over an extended period of time. Trian believed that P&G's matrixed organizational structure was preventing the company from realizing its potential. Following a proxy contest, Nelson Peltz joined P&G's Board in March 2018 and worked collaboratively with management, the Board and external advisors to evaluate a new organizational structure. In November 2018, consistent with Trian's recommendations, P&G unveiled a new organization structure designed to \"de-matrix\" the company and create end-to-end P&L and operational responsibility, including a reduced number of business units.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "061a714b-5101-4897-9807-4ca5b41cefce",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.82,
        "x": 0.09,
        "y": 0.78
      },
      "kind": "quote",
      "text": "We believe this is the most important organizational change we've made in the last 20 years - David Taylor, Former CEO of P&G",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1945df91-6fa5-4aa2-a3d9-876750295f69",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "\"We believe this is the most important organizational change we've made in the last 20 years\" — David Taylor, Former CEO of P&G",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-78b5-7512-b5b1-f3a9049ef6b6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.8,
        "x": 0.09,
        "y": 0.09
      },
      "kind": "title",
      "text": "P&G Case Study: Procter & Gamble Overhauled its Matrix Structure",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "af03ae7b-6462-444d-b136-3d7e7833ba24",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Before/after framing",
      "slug": "before-after-framing",
      "agent": null,
      "layer": "slide",
      "matchId": "4b63934a-216b-40f0-97bf-222ea6c9afe3",
      "evidence": "This slide is titled 'P&G Case Study: Procter & Gamble Overhauled its Matrix Structure' and presents a before-and-after comparison of P&G's organizational structure.",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "before-after-framing",
      "slug": null,
      "matchId": "338f1d6d-2b1d-46ce-9076-5db1934d0b95",
      "evidence": "Comparison of old vs new organizational structure",
      "confidence": 1
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}