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  "documentTitle": "The Walt Disney Company (DIS)",
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  "notes": "The slide uses a table-like structure to contrast specific criticisms with the company's actions.",
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      "text": "2018-2022 Pay-for-Performance Grades: D, F, F, D, D",
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      "text": "[I]t is unusual for an executive chairman to be compensated at a significantly higher level than the company's CEO...",
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      "text": "[W]hile we acknowledge the need to retain critical leadership in anticipation of such a significant merger, the magnitude of the special equity grant ($100 million) is excessive.",
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      "text": "[I]t is unusual for an executive chairman to be compensated at a significantly higher level than the company's CEO and the proxy does not provide a compelling reason for this arrangement... The proxy does not adequately explain why investors should bear the costs for him to remain the most highly compensated NEO even when his apparent role and responsibilities within the company are reduced. — Institutional Shareholder Services – 2021 Disney Report; [W]hile we acknowledge the need to retain critical leadership in anticipation of such a significant merger, the magnitude of the special equity grant ($100 million) is excessive. — Institutional Shareholder Services – 2018 Disney Report",
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      "text": "Three rows of criticisms: Excessive Pay Practices, Poor Pay-for-Performance Grades, and Excessive One-Time Pay Packages.",
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