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  "documentTitle": "Trian Partners | Activist Presentation Deck | 30 slides",
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  "authorName": "Trian Partners",
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  "presentationDate": "2024-03-01 00:00:00",
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  "notes": "Uses a two-column table to frame the activist's rebuttal against management's narrative.",
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      "kind": "list",
      "text": "Disney has underperformed its peers and the market since the beginning of 2015... So, this transformation does not appear to be working... earnings per share, free cash flow and segment operating income are substantially lower than they were in FY 2018.",
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      "text": "Source: FactSet as of 03/15/24... Source: SEC filings.",
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      "text": "Disney's Claim vs Trian's Response",
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      "text": "Disney's Performance and Transformation",
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