{
  "docId": "019de077-1511-74ad-8779-d4a5bd51f53e",
  "docSlug": "36531221f1c67575f86f87d8dbd73e65",
  "documentTitle": "Trian Partners | Activist Presentation Deck | 133 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 63,
  "pageCount": 129,
  "prevPage": 62,
  "nextPage": 64,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "The slide uses a timeline-to-outcome structure to highlight the contradiction between stated succession goals and actual board behavior.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-1511-74ad-8779-d4a5bd51f53e/63",
  "deckHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e",
  "deckJsonHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e.json",
  "deckAnchorHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e#slide-63",
  "components": [
    {
      "bbox": {
        "h": 0.45,
        "w": 0.18,
        "x": 0.78,
        "y": 0.32
      },
      "kind": "callout",
      "text": "...Has Created a Leadership Void Where Disney Relies on Former CEO Successor Candidates to Serve as Consultants",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9036ddcc-0a30-4b65-a1ad-866a2fac985b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.08,
        "y": 0.21
      },
      "kind": "paragraph",
      "text": "Succession, which is arguably the Board’s most important responsibility, remains a chronic problem for the Company. We believe the Board has become overly reliant on Mr. Iger, precluding Disney from developing an effective succession plan – as a result, talented executives and succession candidates have left the organization, creating a leadership void.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "310808db-0efb-4944-a360-1b72d092f1ea",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.85,
        "x": 0.08,
        "y": 0.79
      },
      "kind": "quote",
      "text": "Iger has systematically eliminated any executive who could become a successor. To me it’s a real black mark on Iger’s record.",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "633bae1e-90d0-40f6-b7f8-20e81e7ba028",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.65,
        "x": 0.08,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Source: SEC filings, Company press releases, Puck article titled “Iger Brings Back His Old Heirs Apparent” by Matthew Belloni published on 07/30/23, WSJ article titled “The Disney Sequel Bob Iger Never Wanted” by Robbie Whelan published 01/24/24.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dd52c34d-d068-4af1-ad36-1d6a2a399ec9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.68,
        "x": 0.08,
        "y": 0.32
      },
      "kind": "table",
      "text": "Timeline of Bob Iger's contract extensions from 2011 to 2023.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7c00da40-f932-4eb9-8804-03ea598cc72b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.8,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "title",
      "text": "Disney’s Chronic Succession Problems Have Seemingly Created a Leadership Void",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "da8cf5e9-f406-4129-9678-ee1ac7d0a0b9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "timeline",
      "slug": null,
      "matchId": "8769b7fc-d47b-4da5-ba11-bd04c476e625",
      "evidence": "Chronological list of contract extensions",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 76,
      "from": 17,
      "beatId": "158fe0c2-f6cc-4ac8-b261-074cb3e1f60b",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate (Make it worse)",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "The document highlights the board's complacency, lack of accountability, and poor oversight on strategy and culture.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [
    {
      "to": 76,
      "from": 17,
      "name": "Iceberg",
      "slug": "10-iceberg",
      "bestFor": "Consulting, complex problem solving, organizational change",
      "matchId": "3989da04-4616-439d-99cf-416eeb555de0",
      "evidence": "The document reveals the underlying issues with Disney's board, including complacency and lack of accountability.",
      "position": 1,
      "objective": "To reveal the underlying issues with Disney's board",
      "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
      "confidence": 0.7,
      "description": "Reveal that the visible problem is merely a symptom of a deeper root cause"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}