{
  "docId": "019de076-f75a-733e-bc15-460fef1534b4",
  "docSlug": "f4c4d2dcdf6cedb4738c64a4dea0adde",
  "documentTitle": "Blackwells Capital | Activist Presentation Deck | 15 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": 7,
  "pageCount": 15,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "sparse",
  "nDataPoints": 2,
  "notes": "The slide uses highlighted text in source documents to draw attention to specific governance responsibilities.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de076-f75a-733e-bc15-460fef1534b4/7",
  "deckHref": "/decks/019de076-f75a-733e-bc15-460fef1534b4",
  "deckJsonHref": "/decks/019de076-f75a-733e-bc15-460fef1534b4.json",
  "deckAnchorHref": "/decks/019de076-f75a-733e-bc15-460fef1534b4#slide-7",
  "components": [
    {
      "bbox": {
        "h": 0.75,
        "w": 0.9,
        "x": 0.05,
        "y": 0.18
      },
      "kind": "image",
      "text": "Excerpts from Disney Form 10-K, 11-K, S-8, and Proxy Statement",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a3a28b71-e824-4051-8842-6a0b69cde5ff",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.2,
        "x": 0.02,
        "y": 0.91
      },
      "kind": "subtitle",
      "text": "Source: Company website; Company filings.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "789592b4-1028-4f91-b852-d0994e8dc520",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.96,
        "x": 0.02,
        "y": 0.02
      },
      "kind": "title",
      "text": "The Compensation Committee, the Investment and Administrative Committee and Disney’s CFO approved and/or had oversight of the ValueAct investment",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6eb88bb9-5623-442e-8cd9-e919ea6837a6",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "cab5bbf2-98ab-4394-a075-00fb95a48b6a",
      "evidence": "The slide uses excerpts from official filings to expose potential contradictions in governance oversight.",
      "confidence": 0.85
    }
  ],
  "arcBeats": [
    {
      "to": 13,
      "from": 3,
      "beatId": "794ae925-e6ab-47ab-a2ab-d91c6dba8893",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Expose Contradiction",
      "beatSlug": null,
      "evidence": "Slides 3-13 are all about exposing contradictions in Disney's board and ValueAct's relationship.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 15,
      "from": 3,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "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"
    },
    {
      "to": 15,
      "from": 3,
      "name": "So What Cascade",
      "slug": "41-so-what-cascade",
      "bestFor": "Data presentations, executive summaries, driving to recommendations",
      "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)",
      "confidence": 0.6,
      "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}