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  "documentTitle": "The Walt Disney Company (DIS)",
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      "text": "Mark Parker, a long-tenured Disney Director, now serves as both Executive Chairman of Nike and as Chairman of Disney, which is nearly unprecedented",
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      "text": "Mark Parker, a long-tenured Disney Director, now serves as both Executive Chairman of Nike and as Chairman of Disney, which is nearly unprecedented",
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      "text": "[Bob] Iger had personally selected every member of the board... Iger is personally close with several of them... the wife of another director... had been housemates with Iger's wife...",
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      "text": "We are concerned with reports that many of Disney’s Directors have close personal relationships with Mr. Iger, which could impact their ability to objectively exercise their fiduciary duty to shareholders",
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      "text": "About half of Disney’s non-management Directors are CEOs or Executive Chairs at other multi-billion-dollar public companies that face their own challenges and demand significant time and attention",
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      "text": "\"[Bob] Iger had personally selected every member of the board, which is surprisingly lacking in media and entertainment experience. Iger is personally close with several of them, including Nike Executive Chairman Mark Parker and General Motors CEO Mary Barra [who is on Disney's Compensation Committee]. In addition, the wife of another director, Michael Froman, then vice chairman of Mastercard and now president of the Council on Foreign Relations, had been housemates with Iger's wife...\" — CNBC, September 2023",
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      "text": "Source: FactSet as of 02/23/24, CNBC article titled 'Disney’s Wildest Ride: Iger, Chapek and the Making of an Epic Succession Mess' published by Alex Sherman on 09/06/23; Reuters Breakingviews article titled 'At Walt Disney, the G in ESG Stands for Goofy' published by Jennifer Saba on 01/11/23.",
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      "text": "We believe a lack of objectivity and focus at the Board level has exacerbated Disney’s underperformance.",
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