{
  "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": 65,
  "pageCount": 129,
  "prevPage": 64,
  "nextPage": 66,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses a 'villain critique' style to highlight conflicts of interest and lack of accountability in corporate governance.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de077-1511-74ad-8779-d4a5bd51f53e/65",
  "deckHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e",
  "deckJsonHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e.json",
  "deckAnchorHref": "/decks/019de077-1511-74ad-8779-d4a5bd51f53e#slide-65",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.4,
        "x": 0.51,
        "y": 0.24
      },
      "kind": "list",
      "text": "... and set up a Succession Planning Committee largely made up of Directors who were involved in the latest succession issues",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "27e4b25b-fb97-4020-9c75-39ab7d4a318a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.4,
        "x": 0.51,
        "y": 0.54
      },
      "kind": "list",
      "text": "Mark Parker, who chairs the committee, reportedly has a close personal friendship with Iger... Both Mark Parker and James Gorman remain Executive Chairs of their respective companies – a succession plan model that did not work for Disney",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "39406bd8-1a51-4d98-8a05-508c576ecf8c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.4,
        "x": 0.08,
        "y": 0.24
      },
      "kind": "list",
      "text": "The Board has given Bob Iger a dual-mandate to get the business back on track and assist with succession planning...",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cce885c6-35d1-44e6-b059-a81f502e47ba",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.4,
        "x": 0.08,
        "y": 0.45
      },
      "kind": "quote",
      "text": "In November, we announced Bob Iger's return to the role of Chief Executive Officer... the Board gave Bob a dual mandate for his two-year term... to assist the Board in ongoing leadership succession planning.",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d22ae95a-8c8e-43bb-9011-528783dd6b9d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.84,
        "x": 0.08,
        "y": 0.75
      },
      "kind": "quote",
      "text": "Success and succession are fundamentally different objectives for CEOs... the guy who gets you lost in the woods isn't the right guy to find your way out.",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "df0cb188-cb1d-4c24-a5df-5cbd276d9702",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.08,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Source: (1) CNBC article titled 'Disney's wildest ride: Iger, Chapek and the making of an epic succession mess' published by Alex Sherman on September 6, 2023. (2) WSJ article titled 'Bob Iger Is Back at Disney to Fix His One Big Failure: Succession' published by Ben Cohen on 12/01/22.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fb855364-1767-4dde-a029-b37dbb461b62",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.84,
        "x": 0.08,
        "y": 0.34
      },
      "kind": "table",
      "text": "Robert A. Iger - Yes; Mark Parker - Yes; Mary Barra - Yes; Calvin McDonald - Yes; James Gorman - No",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "480d9842-b9d9-466a-bf60-562aa3aa69e8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.8,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "title",
      "text": "Disney Has Entrusted Many of the Same People Who Previously Failed Succession to Fix It",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0e71d517-2234-40f1-b836-04dbf8d1b358",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "antagonist-introduction",
      "slug": null,
      "matchId": "415b142f-9761-4933-8d01-1a983f29adbc",
      "evidence": "Frames the Board members as the 'villains' responsible for the succession failure.",
      "confidence": 0.8
    }
  ],
  "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
}