{ "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": 87, "pageCount": 133, "prevPage": 86, "nextPage": 88, "slideType": "testimonial", "function": "illustrate_case", "density": "overcrowded", "nDataPoints": 0, "notes": "The slide uses a grid of quotes to build credibility for the nominees.", "elementsJson": [ "headline_text", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-a8948f12a2f8/87", "deckHref": "/decks/019dd923-622b-71dc-a6db-a8948f12a2f8", "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-a8948f12a2f8.json", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-a8948f12a2f8#slide-87", "components": [ { "bbox": { "h": 0.05, "w": 0.84, "x": 0.08, "y": 0.9 }, "kind": "disclaimer", "text": "Note: The individuals referenced above and on the following page (i) are not current clients or investors of Trian, (ii) have not received cash or non-cash compensation in connection with the statements made herein, and (iii) have current or former business relationships with Trian that could create an incentive for them to speak favorably about Trian. Specifically, such individuals may speak positively about their companies' investors or such investors' board representatives to develop and maintain such relationships rather than for any other reason.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "36117bb0-14e4-45f4-8459-62b30d38082d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.25, "x": 0.67, "y": 0.55 }, "kind": "quote", "text": "Trian's nomination of Jay Rasulo for 1 of 2 board seats (along with Peltz) killed two birds with one stone. As former CFO (predecessor to McCarthy), Rasulo is highly credible regarding Trian's 2 primary complaints - that Disney lacks efficiency, and that the Board lacks important expertise.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5efce456-4fc9-44ae-bb0d-00a42e5bf7c8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.25, "x": 0.37, "y": 0.55 }, "kind": "quote", "text": "I thought that [Nelson Peltz] was a major contributor to our board...he comes up with ideas and he tries to challenge the CEO, but I always welcome his ideas, and I enjoyed a very good working relationship with him.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9d9cebe7-3bc7-443e-b5c2-490b0e521cf2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.25, "x": 0.37, "y": 0.25 }, "kind": "quote", "text": "During his time at Disney, Rasulo was known for his blunt, forthright leadership style. He rose in prominence as CFO just as Disney was becoming more reliant on building out franchises like the animated 'Frozen' series and plugging them into Disney's famous 'flywheel.'", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "cf370622-a6d3-4c3e-8e2d-4975f28f5a95", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.25, "x": 0.67, "y": 0.25 }, "kind": "quote", "text": "Nelson is a highly experienced and collaborative Board member who recognizes Unilever’s strengths and has a strong desire to help the company unlock its full potential.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d8444b8a-eb35-4308-bece-977493fbbeb2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.25, "x": 0.08, "y": 0.55 }, "kind": "quote", "text": "Jay was always a maniac about excellence... [He] was an activator and a motivator.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e0232f15-6388-40e5-bcb6-5341def66ea1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.2, "w": 0.25, "x": 0.08, "y": 0.25 }, "kind": "quote", "text": "I said to another CEO... who had called me and inquired about Nelson, that if I were to form the board today, Nelson would be one of the first Directors I'd ask to serve because he is an insightful, communicative, enthusiastic, energetic and available Director.", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ef30d35b-2d49-4476-ad88-254da02e2e36", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "\"I said to another CEO... who had called me and inquired about Nelson, that if I were to form the board today, Nelson would be one of the first Directors I’d ask to serve because he is an insightful, communicative, enthusiastic, energetic and available Director.\" — Bill Johnson, Heinz CEO from 1998 - 2013; \"During his time at Disney, Rasulo was known for his blunt, forthright leadership style. He rose in prominence as CFO just as Disney was becoming more reliant on building out franchises like the animated 'Frozen' series and plugging them into Disney’s famous 'flywheel.'\" — The Wall Street Journal, December 2023; \"Nelson is a highly experienced and collaborative Board member who recognizes Unilever’s strengths and has a strong desire to help the company unlock its full potential.\" — Hein Schumacher, Unilever CEO from 2023 - Present; \"Jay was always a maniac about excellence... [He] was an activator and a motivator.\" — Regynald Washington, former VP for Disney Parks and Resorts; \"I thought that [Nelson Peltz] was a major contributor to our board...he comes up with ideas and he tries to challenge the CEO, but I always welcome his ideas, and I enjoyed a very good working relationship with him.\" — Dirk Van de Put, Mondelēz Chairman and CEO from 2017 - Present; \"Trian's nomination of Jay Rasulo for 1 of 2 board seats (along with Peltz) killed two birds with one stone. As former CFO (predecessor to McCarthy), Rasulo is highly credible regarding Trian's 2 primary complaints - that Disney lacks efficiency, and that the Board lacks important expertise.\" — Wolfe Research Analyst, December 2023", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-14da-72ce-9f98-65c9969b4324", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.84, "x": 0.08, "y": 0.13 }, "kind": "title", "text": "Nelson Peltz and Jay Rasulo Have Been Praised for Their Leadership Skills & Collaborative Partnerships (cont'd)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4e78a61e-5d22-49f7-9aae-38333dc995e5", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 91, "from": 26, "beatId": "4709246a-df86-4f24-9209-dc709e9cc918", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Propose Solution", "beatSlug": null, "evidence": "Trian presents its initiatives and nominees as a solution to Disney's problems.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }