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      "text": "Several of Mr. Peltz’s suggestions that Disney cited as evidence that Mr. Peltz “lacks a basic understanding of our industry” were, ironically, soon thereafter adopted by Disney.",
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      "text": "“Mr. Peltz... has presented no strategic ideas for Disney...” — Disney Letter to Shareholders, 02/01/24; “Nelson Peltz does not understand Disney’s business...” — Disney Investor Presentation, 01/17/23; “[I]f [Madison Square Garden Sports] is [Nelson Peltz’s] training ground, it has not been a good one.” — Disney Investor Presentation, 01/17/23; “Mr. Peltz is “in partnership with Isaac Perlmutter... [who] has voiced his longstanding personal agenda against Disney’s CEO, [Bob] Iger, which may be different than that of all other shareholders.” — Disney Statement, 11/30/23",
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      "text": "Source: SEC filings, FactSet. Note: (1) Trian's Definitive Proxy Statement... (2) Wall Street Journal article... (3) Total Shareholder Return... (4) Wall Street Journal article...",
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      "text": "Disney’s Claims Are Unfounded and Misleading (cont’d)",
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