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  "documentTitle": "The Walt Disney Company (DIS)",
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  "authorName": "Nelson Peltz",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "Disney has a much better “hand to play” than its peers to weather any disruption... but Disney's response to a changing landscape was ill-conceived and reactive... in large part because the Board disincentivized management to act – paid execs $1bn since ‘13",
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      "text": "Despite Netflix's meteoric growth... management consistently earned well above target compensation... senior executives earned on average 157% of target payout... Board's lack of foresight",
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      "text": "Disney failed to act promptly... Acquired Fox in 2019 for $71bn... Flawed growth-at-all-costs streaming strategy has accumulated $14bn of operating losses",
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      "text": "Disney has the benefit of globally recognized, beloved brands... Parks and Consumer Products... comprises 70% of Disney's EBIT... Parks & Resorts has doubled revenue by $14bn",
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      "text": "operating losses: $14bn",
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      "text": "Industry Disruption Does Not Absolve Disney’s Board for Poor Performance – It Is the Board’s Job to Look Over the Horizon",
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