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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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  "notes": "The chart highlights the contrast between positive growth in peers and negative growth for Disney and Paramount.",
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      "kind": "callout",
      "text": "Disney's isolated \"Media\" performance on an EPS basis would be materially worse given the outperformance of the Experiences business",
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      "text": "EPS is an effective performance metric to compare across a peer set as it captures revenue growth, margin efficiency, and capital allocation efficacy. Disney's performance has been disappointing.",
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      "text": "Source: SEC filings. Note: \"Media Industry (Proxy) Peers\" represents \"Media Industry Peers\" as defined in Disney's 2024 Definitive Proxy Statement...",
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      "kind": "title",
      "text": "Almost Every One of Disney's Self-Selected \"Media Industry\" Peers Have Grown EPS While Disney's Has Been Halved",
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      "evidence": "The document highlights the board's complacency, lack of accountability, and poor oversight on strategy and culture.",
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