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  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 15 slides",
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  "presentationDate": "2024-03-01 00:00:00",
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  "notes": "Uses a 'hypocrisy' framing by juxtaposing corporate values against specific actions.",
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      "text": "Our core values shape who we are.",
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      "text": "Why didn’t Mr. Morfit mention these important facts in his presentation in support of the Board in front of hundreds of attendees at the Council of Institutional Investors conference this week or in ValueAct’s presentation, filed with the SEC on March 7?",
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      "text": "Why didn’t ValueAct and its principal, Mason Morfit, insist on disclosing ValueAct’s management of Disney’s pension funds in the January 3 press release—when, as fiduciaries to these funds, they certainly knew about these facts?",
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      "kind": "paragraph",
      "text": "Relationships & trust. We place great value on our relationships with current and former portfolio companies, as well as the institutional investor community. We always consider what is in the best interest of the company and all stakeholders.",
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      "text": "Transparency & respect. Our team culture promotes openness, shared learning and shared rewards. We succeed or fail together. We apply this same approach to working with our portfolio companies.",
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      "kind": "source-note",
      "text": "Source: Value Act Website, “Core Values.”; PX14A6G filed by ValueAct with the SEC on March 7, 2024.",
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      "text": "ValueAct’s silence on the topic is deafening",
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