{
  "docId": "019de076-f6c3-7560-9318-393addde1538",
  "docSlug": "f234f3e114e9b4da491dd4474928820d",
  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 115 slides",
  "authorId": "blackwells-capital",
  "authorName": "Blackwells Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 8,
  "pageCount": 115,
  "prevPage": 7,
  "nextPage": 9,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 1,
  "notes": "Uses a 4-quadrant layout to highlight governance failures.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de076-f6c3-7560-9318-393addde1538/8",
  "deckHref": "/decks/019de076-f6c3-7560-9318-393addde1538",
  "deckJsonHref": "/decks/019de076-f6c3-7560-9318-393addde1538.json",
  "deckAnchorHref": "/decks/019de076-f6c3-7560-9318-393addde1538#slide-8",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.42,
        "x": 0.52,
        "y": 0.48
      },
      "kind": "callout",
      "text": "7 Disney directors have no other independent public Board experience (1)",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c8f819d4-5164-40b4-b826-893622d56ff2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.42,
        "x": 0.52,
        "y": 0.3
      },
      "kind": "image",
      "text": "Board member headshots",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "112657ba-9c72-4632-9a92-1a574096d8e0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.36,
        "x": 0.55,
        "y": 0.63
      },
      "kind": "image",
      "text": "Overlapping directorships headshots",
      "attrs": null,
      "subkind": "headshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8c9785cf-a7b9-49ec-b51b-f0aa95d3c2de",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.13,
        "w": 0.41,
        "x": 0.06,
        "y": 0.7
      },
      "kind": "paragraph",
      "text": "While the overriding problem is often a failure to plan, organizational factors can contribute... The planning process can become derailed when the board does not own the process, deferring too much to the outgoing CEO whose personal opinion—while important—is not the determining factor",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ab6835ef-fd1e-432d-a239-0e98ecc17b25",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.13,
        "w": 0.41,
        "x": 0.06,
        "y": 0.32
      },
      "kind": "paragraph",
      "text": "By 2019, Iger had personally selected every member of the board, which is surprisingly lacking in media and entertainment experience. Iger is personally close with several directors, including Nike Executive Chairman Mark Parker and General Motors CEO Mary Barra.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "da0e2b0b-bbe4-4f64-99cb-d6db8ff57279",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.2,
        "x": 0.01,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Sources: Company Filings, Harvard Law School, CNBC. Note: (1) Other than Disney Board.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0cfe2d7d-f101-438d-99d1-ac284a353a64",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.68,
        "x": 0.16,
        "y": 0.16
      },
      "kind": "title",
      "text": "We believe additional independence in Disney's Boardroom is good for shareholders",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "357ccc54-810f-41bc-a031-f9ff2e0bc538",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.42,
        "x": 0.29,
        "y": 0.04
      },
      "kind": "title",
      "text": "BOARDROOM INDEPENDENCE",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b1456172-f2ff-46bd-a422-36e6e65d8de9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "antagonist-introduction",
      "slug": null,
      "matchId": "8c585c07-a3c7-4f26-bd8e-44b9a5edfbc6",
      "evidence": "Frames the CEO as the antagonist derailing the succession process.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}