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  "notes": "Uses a combination of qualitative arguments and a list of directors with their external market caps to illustrate the 'spread thin' argument.",
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      "text": "Mark Parker, Mary Barra, Calvin McDonald, James Gorman, Safra Catz with their respective roles and market caps.",
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      "text": "Objective Board? Focused Board? Chairman Spread Thin?",
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      "text": "We believe a lack of objectivity and focus at the Board level has exacerbated Disney’s underperformance.",
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      "text": "[G]iven the many challenges [Disney faces], Parker will be spreading himself thin... and 'only a handful of executives', including Rupert Murdoch... chair two S&P 500 companies.",
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      "text": "[Bob] Iger had personally selected every member of the board... Iger is personally close with several of them... the wife of another director... had been housemates with Iger’s wife...",
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      "text": "Source: FactSet as of 02/23/24, CNBC article titled \"Disney's Wildest Ride: Iger, Chapek and the Making of an Epic Succession Mess\" published by Alex Sherman on 09/06/23; Reuters Breakingviews article titled \"At Walt Disney, the G in ESG Stands for Goofy\" published by Jennifer Saba on 01/11/23.",
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