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  "documentTitle": "The Walt Disney Company (DIS)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
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      "text": "Trian's nominees – Nelson Peltz and Jay Rasulo – are experienced and aligned with shareholders. Our nominees will bring an \"ownership mentality\" into the boardroom to focus on the following initiatives:",
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      "text": "Disney's 10-Year Relative TSR: -401% vs. Proxy Peers, -168% vs. S&P 500",
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      "text": "Root Cause of Underperformance: Disney's Board. We believe the Board suffers from a culture that impedes effective oversight...",
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      "text": "Chronic Underperformance: Disney is an iconic company with unrivaled scale... Over last 5 years, segment operating income, EPS and FCF have declined by 18%, 47%, and 50%...",
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      "text": "Trian's Nominees Can Help Restore The Magic. 1. Enhance Corporate Governance... 2. Accelerate Media Profitability... 3. Review of Creative Engine... 4. Clarify Strategic Focus...",
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      "text": "Source: SEC filings, FactSet. Note: (1) Disney \"Media\" business represents its \"Entertainment\" and \"Sports\" segments...",
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      "text": "Vote for Change at The Walt Disney Company",
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