{
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  "docSlug": "f4c4d2dcdf6cedb4738c64a4dea0adde",
  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 15 slides",
  "authorId": "blackwells-capital",
  "authorName": "Blackwells Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-03-01 00:00:00",
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  "pageNumber": 12,
  "pageCount": 15,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": "The slide uses visual evidence (screenshots of the opponent's deck) to expose a lack of transparency.",
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  "slideHref": "/slides/019de076-f75a-733e-bc15-460fef1534b4/12",
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      "kind": "image",
      "text": "Screenshot of ValueAct's 'Why Did We Commit Our Votes' slide",
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      "kind": "image",
      "text": "Screenshot of ValueAct's 'Disclaimer' slide",
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      "kind": "source-note",
      "text": "Source: PX14A6G filed by ValueAct on March 7, 2024, Slides 2, 19. (1) Includes fees potentially earned by ValueAct's affiliates.",
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      "kind": "title",
      "text": "Neither ValueAct’s 594-word disclaimer nor its ‘commitment rationalization’ slide mention that ValueAct has managed and earned fees(1) from Disney’s pension fund assets since 2013",
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      "matchId": "bd65d23f-ebbe-4e3e-9524-92e4c14e44ea",
      "evidence": "Uses opponent's own materials to highlight a conflict of interest.",
      "confidence": 0.9
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      "beatId": "794ae925-e6ab-47ab-a2ab-d91c6dba8893",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Expose Contradiction",
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      "evidence": "Slides 3-13 are all about exposing contradictions in Disney's board and ValueAct's relationship.",
      "position": 0,
      "confidence": 0.8,
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  ],
  "loops": [
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      "name": "Cost Of Inaction",
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      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "374d8b02-1ce7-4c29-9831-ddfbc346af7c",
      "evidence": "The document implies that not disclosing the relationship has significant consequences.",
      "position": 1,
      "objective": "What are the consequences of not disclosing ValueAct's relationship with Disney?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
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      "matchId": "ee346253-13cb-40cb-874a-9497cc8dbb8c",
      "evidence": "The document builds a case for why this matters to shareholders.",
      "position": 2,
      "objective": "So what does this mean for Disney's shareholders?",
      "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)",
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