{
  "docId": "019dd923-622b-71dc-a6db-a8948f12a2f8",
  "docSlug": "83e53ed5ec0b",
  "documentTitle": "The Walt Disney Company (DIS)",
  "authorId": "06_Trian_Partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 122,
  "pageCount": 133,
  "prevPage": 121,
  "nextPage": 123,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "Uses a two-column layout to directly refute specific quotes from Disney management.",
  "elementsJson": [
    "headline_text",
    "comparison_table",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-a8948f12a2f8/122",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-a8948f12a2f8",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-a8948f12a2f8.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-a8948f12a2f8#slide-122",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Disney's supposed \"progress\" appears elusive - the Company has significantly underperformed its Media Industry (Proxy) Peers since Mr. Iger returned as CEO in late 2022 and since the Company's \"transformation\" began in February 2023.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-14da-72ce-9f9b-92d010c945a9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.57,
        "x": 0.35,
        "y": 0.25
      },
      "kind": "list",
      "text": "Detailed rebuttals including TSR performance, EPS estimates, and board experience.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2a296d03-05df-4ae2-a49b-ffe4b0d3872e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "\"Disney has overcome one of the most challenging periods in its history and a new era of building is well underway...\" — Disney Letter to Shareholders, 02/01/24; \"[T]he attempts by the Trian Group... are likely to derail Disney's progress...\" — Disney Letter to Shareholders, 02/01/24; \"Mr. Peltz brings no media experience\" — Disney Letter to Shareholders, 02/01/24",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-14da-72ce-9f9b-96ee83c45156",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.75,
        "x": 0.08,
        "y": 0.89
      },
      "kind": "source-note",
      "text": "Source: SEC filings, FactSet. Note: (1) FQ1'23 Earnings Call Transcript... (5) According to Disney's 2024 Proxy Statement.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2f6f5dd8-3dee-41d8-9671-ab2bf35f4cc1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.65,
        "w": 0.84,
        "x": 0.08,
        "y": 0.2
      },
      "kind": "table",
      "text": "Disney's Misleading Claim vs Trian's Response",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a0bdc563-90d4-432b-934c-0aa18ffb1da4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.5,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "title",
      "text": "Disney’s Claims Are Unfounded and Misleading",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3f6aba8e-2e57-4e1b-9ed3-eecf55f885a6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "expose_contradiction",
      "slug": null,
      "matchId": "ba71ddc2-2528-4578-a7c4-d9e88117bd07",
      "evidence": "Directly juxtaposes company claims with counter-evidence to undermine credibility.",
      "confidence": 1
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}