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  "documentTitle": "The Walt Disney Company (DIS)",
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  "authorName": "Nelson Peltz",
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      "text": "Disney has used a methodology for evaluating prior Trian investments that we view as flawed for many reasons.",
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      "text": "The one-time sale in November... Over the course of the past 12 months, Trian funds have been net buyers... Trian Group as a whole beneficially owns over $3 billion of stock",
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      "text": "TSR results of Trian portfolio companies... +17% average annualized absolute TSR... +511bps average annualized relative TSR...",
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      "text": "Peltz or Trian involvement on boards resulted in TSR underperformance versus the S&P 500 in ~68% of cases.",
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      "text": "Shareholders should ask Trian, if it speaks for them, why it continues to sell down its stake, including selling over 500,000 shares between September 30, 2023, and December 31, 2023.",
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      "text": "Peltz or Trian involvement on boards resulted in TSR underperformance versus the S&P 500 in ~68% of cases. — VoteDisney.com, 02/28/24",
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      "text": "Source: FactSet. Note: (1) Represents the average annualized Total Shareholder Return (\"TSR\") performance...",
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      "text": "Disney's Misleading Claim vs Trian's Response",
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      "text": "Disney’s Claims Are Unfounded and Misleading (cont’d)",
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