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  "documentTitle": "Trian Partners | Activist Presentation Deck | 133 slides",
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  "authorName": "Trian Partners",
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  "presentationDate": "2024-03-01 00:00:00",
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  "nDataPoints": 15,
  "notes": "The slide uses a 'villain' quote to highlight the gap between management's narrative and actual financial performance.",
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      "kind": "chart",
      "text": "Disney's Relative TSR Performance Through the Trading Day Prior to Press Reports of Trian Resurfacing",
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      "text": "Despite Disney's advantages, the Company had underperformed over all relevant periods up until the time we emerged with our campaign in October 2023...and even when measured all the way through the end of February 2024 (see page 132).",
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      "text": "When you combine all of that with our unrivaled portfolio of valuable businesses, brands and assets and the way we manage them together, Disney has a strong hand that differentiates us from others in the industry.",
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      "text": "Source: FactSet as of 10/06/23, Company transcripts. Note: Performance measures Total Shareholder Return (\"TSR\") through 10/06/23...",
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      "kind": "title",
      "text": "Underperformance Has Driven Poor Shareholder Returns",
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