{
  "docId": "019de076-fcfb-706a-946f-42be144c6bd3",
  "docSlug": "7027726b1775f85d02bd6eb95846d5c2",
  "documentTitle": "Disney | Shareholder Engagement Presentation Deck | 20 slides",
  "authorId": "disney",
  "authorName": "Disney",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7827299,
  "pageNumber": 10,
  "pageCount": 20,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "overcrowded",
  "nDataPoints": 4,
  "notes": "Uses external media quotes to validate the claim of a personal vendetta.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de076-fcfb-706a-946f-42be144c6bd3/10",
  "deckHref": "/decks/019de076-fcfb-706a-946f-42be144c6bd3",
  "deckJsonHref": "/decks/019de076-fcfb-706a-946f-42be144c6bd3.json",
  "deckAnchorHref": "/decks/019de076-fcfb-706a-946f-42be144c6bd3#slide-10",
  "components": [
    {
      "bbox": {
        "h": 0.04,
        "w": 0.84,
        "x": 0.08,
        "y": 0.18
      },
      "kind": "callout",
      "text": "SHAREHOLDERS SHOULD DO THEIR HOMEWORK REGARDING PERLMUTTER'S HISTORY WITH DISNEY",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8af5ca9b-9999-4511-b5d3-6117fd995c5c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.45,
        "x": 0.08,
        "y": 0.25
      },
      "kind": "list",
      "text": "Isaac Perlmutter is a disgruntled former Disney employee and Trian’s “silent partner”... Perlmutter’s fraught history with Bob Iger... His oversight of Marvel’s studio was severed in 2015... Perlmutter left Disney in March 2023...",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0b89c339-36f3-47ff-9d55-969b4fb89f22",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.08,
        "y": 0.68
      },
      "kind": "paragraph",
      "text": "Peltz’s slate, including his silent partner Ike Perlmutter, would harm Disney, jeopardize our strategic transformation, and create maximum disruption in the boardroom",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ea8013cc-aac6-49d7-a10e-640b7d19867b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.28,
        "x": 0.65,
        "y": 0.71
      },
      "kind": "quote",
      "text": "But for Perlmutter, it’s personal. Perlmutter became one of the company’s biggest shareholders after selling Marvel to Disney in 2009 for $4bn. —Bloomberg",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "99e5f4f5-a1ce-4200-8564-7ba4e54b4575",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.28,
        "x": 0.65,
        "y": 0.53
      },
      "kind": "quote",
      "text": "Ike’s pity party adds one ...Now Ike is shadow-puppeting his West Palm bro Peltz in this proxy fight... —Puck",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a408ba79-0ada-42b2-a21e-ac90a28d54e9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.28,
        "x": 0.65,
        "y": 0.38
      },
      "kind": "quote",
      "text": "The decision to add Jay Rasulo to the slate further indicates that this proxy fight is about Ike Perlmutter versus Bob Iger. —13D Monitor",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ad7d656e-eaea-424c-b7b1-57b5a63faebc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.28,
        "x": 0.65,
        "y": 0.23
      },
      "kind": "quote",
      "text": "Peltz’s campaign against Disney reeks of a personal vendetta against Iger rather than a compelling strategic vision for value creation. —Fortune",
      "attrs": null,
      "subkind": "testimonial",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "de90c172-68cf-434c-a1f8-345f8d64c6aa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.08,
        "y": 0.91
      },
      "kind": "source-note",
      "text": "Fortune, The Wizard vs. the Wistful, 11/07/23; 13D Monitor, The Most Activist Place on Earth, 12/14/23; Puck, What I’m Hearing: Thursday Thoughts, 12/14/23; Bloomberg, Iger Has Enough Antagonists for Three Disney Films, 12/18/23",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a50a665a-a2a8-4ff9-877c-2d2ff1bf7067",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.6,
        "x": 0.08,
        "y": 0.04
      },
      "kind": "title",
      "text": "Trian’s presentation is silent about Ike Perlmutter, their “silent partner”",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "03578cff-a8b8-4ecc-aaf6-1f867aa6dd08",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "antagonist-introduction",
      "slug": null,
      "matchId": "80f564c5-b67a-4446-9c97-baf0eb90ec63",
      "evidence": "The slide explicitly frames Perlmutter as the 'silent partner' and antagonist behind the proxy fight.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 16,
      "from": 6,
      "beatId": "257823eb-0432-4b9a-9e5a-ac3e8564aced",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": "consultants-gambit-evidence-proof",
      "evidence": "Slides 6-16 provide evidence and proof to counter Trian's assertions",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}