{ "docId": "019dd923-622b-71dc-a6db-780377abfbe8", "docSlug": "d954d7f4a9c3", "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": "2024-03-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 84, "pageCount": 133, "prevPage": 83, "nextPage": 85, "slideType": "comparison_table", "function": "expose_contradiction", "density": "dense", "nDataPoints": 0, "notes": "The slide uses a red 'X' for negative outcomes and a blue checkmark for positive outcomes to visually reinforce the contrast.", "elementsJson": [ "headline_text", "subtitle_text", "comparison_table", "headshot", "logo_grid", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-780377abfbe8/84", "deckHref": "/decks/019dd923-622b-71dc-a6db-780377abfbe8", "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-780377abfbe8.json", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-780377abfbe8#slide-84", "components": [ { "bbox": null, "kind": "callout", "text": "While Maria Elena Lagomasino has overseen three problematic CEO succession processes as a director, Nelson Peltz has overseen several effective leadership transitions that have been well-received by shareholders and other observers.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-3f41-721f-9e40-1f23fe4d2a94", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.94, "x": 0.03, "y": 0.17 }, "kind": "paragraph", "text": "While Maria Elena Lagomasino has overseen three problematic CEO succession processes as a director, Nelson Peltz has overseen several effective leadership transitions that have been well-received by shareholders and other observers.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cb6a69fc-8c43-45f1-83dd-eaffa81be8cf", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "[Avon's] apparent lack of succession planning is 'an extraordinary indictment of the board,' said Mark Cohen, professor at Columbia Business School and former CEO of Sears Canada. — Reuters article titled 'Avon needs bold change as Jung's CEO tenure ends,' 12/14/11. [Coca-Cola] has landed a new chief executive after a search so remarkable that another Fortune CEO, A.G. Lafley of P&G, calls it 'one of the strangest processes we've ever seen.'... [I]t has become a case study in business dysfunction. — CNN Money article titled 'The Real Story: How did Coca-Cola's management go from first-rate to farcical in six short years? Tommy the barber knows,' 05/31/04. It's a tale of how good intentions clashed with hubris and ego can erode one of the most famous organizations in the world — a case study in corporate dysfunction and succession gone wrong. As Iger and the Disney board resume their search for a successor, a critical question looms: Have they learned the moral of the story? — CNBC article titled 'Disney's wild ride: Iger, Chapek and the making of an epic succession mess,' 09/06/23. Mondelez International's orderly succession planning is sweet inspiration... Others would do well to emulate the process... — Barclays research note, 07/29/21. Mr. Moeller has been front and center in P&G's turnaround over the past decade, [and] this announcement ensures continuity of a strategy that has already been working well... — Barclays research note, 01/30/23. [Hein] must have done a good job impressing the board with his vision for the company... [And] as we have seen many times before, unexpected hires can turn out to be very good... Dirk Van de Put is another excellent CEO who is now [at] Mondelez but who also came out of left field... — Barclays research note, 01/30/23.", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-3f41-721f-9e40-23fbce4c3fa7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.85, "x": 0.03, "y": 0.94 }, "kind": "source-note", "text": "Source: (1) Reuters article titled 'Avon needs bold change as Jung's CEO tenure ends,' 12/14/11. (2) CNN Money article titled 'The Real Story: How did Coca-Cola's management go from first-rate to farcical in six short years? Tommy the barber knows,' 05/31/04. (3) CNBC article titled 'Disney's wild ride: Iger, Chapek and the making of an epic succession mess,' 09/06/23. (4) CNBC article titled 'New Mondelez CEO's honeymoon could be cut short,' 08/02/17. (5) Barclays research note, 07/29/21. (6) Barclays research note, 01/30/23.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9fe6bd5e-3c8b-4839-93ea-5b1b3232ab08", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.65, "w": 0.94, "x": 0.03, "y": 0.27 }, "kind": "table", "text": "Comparison table of CEO succession case studies for Lagomasino and Peltz.", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ce5cc3e4-bf67-4263-bf51-cc5b8ef73bac", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.94, "x": 0.03, "y": 0.07 }, "kind": "title", "text": "Ms. Lagomasino Has a Poor Track Record of Overseeing CEO Succession Processes", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4a3b0b0c-e6e3-41da-bc6f-8e245259373b", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "comparison_frame", "slug": null, "matchId": "2bf17ea3-f06c-47e5-b4b4-0e49545d0d58", "evidence": "The slide explicitly contrasts two individuals' track records using a table.", "confidence": 1 } ], "arcBeats": [ { "to": 133, "from": 23, "beatId": "b87ea76d-47cf-41db-891f-d9874d31fb66", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The deck offers a solution by nominating Trian Partners' candidates and outlining their plans for change", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }