{
  "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": 8,
  "pageCount": 35,
  "prevPage": 7,
  "nextPage": 9,
  "slideType": "appendix_disclosure",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "The slide focuses on a single headline metric (~900bps) and provides extensive legal/methodological disclaimers.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "callout_box",
    "big_number",
    "footnote"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-74a0f9f25c29/8",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-74a0f9f25c29",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-74a0f9f25c29.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-74a0f9f25c29#slide-8",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.74,
        "x": 0.13,
        "y": 0.23
      },
      "kind": "callout",
      "text": "Trian Investments Where Nelson Peltz Served on the Board: Company TSR vs. S&P 500 During Board Tenure",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4943c185-ee2c-4779-aed7-7ada1246c50a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Most importantly, we seek to help companies we invest in achieve value creation through improved operating and financial performance:",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-78b5-7512-b5b1-d45ff0e5f82f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.8,
        "x": 0.1,
        "y": 0.53
      },
      "kind": "list",
      "text": "Most importantly, we seek to help companies we invest in achieve value creation through improved operating and financial performance: Increasing investments to drive top-line growth and market share performance; Reducing costs/overhead; Optimizing capital allocation.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1d6019bc-c490-41fd-a7fd-b2a8fb49f9df",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.2,
        "x": 0.4,
        "y": 0.38
      },
      "kind": "metric",
      "text": "~900bps",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "28627945-fe19-4d4b-bd9d-8c25dbf64c09",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "annual TSR outperformance: ~900bps",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-78b5-7512-b5b1-d896820d0195",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.1,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "Trian has worked closely with numerous companies across industries, and has demonstrated a track record of long-term value creation with multiple turnarounds",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b7a1177a-56f9-4038-85cd-3c230fef000e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.84,
        "x": 0.08,
        "y": 0.8
      },
      "kind": "source-note",
      "text": "Source: FactSet as of 12/31/22. Note: Companies where Nelson Peltz has served on the board...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eb7dab81-5d1c-4a1a-bdb8-caad6735f6b7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.2,
        "x": 0.4,
        "y": 0.46
      },
      "kind": "subtitle",
      "text": "(annual TSR outperformance)",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "73711b91-56ff-4f40-b553-b30f246efeae",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.1,
        "y": 0.08
      },
      "kind": "title",
      "text": "Long Track Record of Value Creation With Nelson On the Board",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b0372381-f148-4606-95e5-2e31f60f5c16",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "capital-allocation-framework",
      "slug": null,
      "matchId": "d6a77215-f2fb-4c01-a720-22204e2f007c",
      "evidence": "Mentions optimizing capital allocation decisions to improve return on invested capital",
      "confidence": 0.8
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}