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  "documentTitle": "The Walt Disney Company (DIS)",
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      "text": "We believe the root cause of Disney’s underperformance is poor oversight from a Board that lacks focus, alignment and accountability",
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      "text": "But instead, Disney lost its way over the past decade: Disney fell from its envied #1 place at the box office and in animation, belatedly entered the streaming business, and acquired additional linear TV networks at the wrong time; Consequently, financial performance has deteriorated, with nearly every relevant metric worse in FY 2023 than five years ago; Shareholders have suffered greatly: absolute and relative total shareholder return has been poor and shareholders have lost tens of billions of dollars",
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      "text": "This year's Annual Meeting represents a critical opportunity for shareholders to vote to strengthen Disney’s future. Trian has nominated Nelson Peltz and Jay Rasulo for the Board. They will bring highly relevant experience, a shareholder mindset and a much-needed sense of urgency to Disney’s boardroom",
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