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  "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",
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  "pageNumber": 67,
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  "slideType": "expose_contradiction",
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  "density": "balanced",
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  "notes": "Uses a dual-chart layout to contrast cumulative compensation vs. TSR and annual bonus payout percentages.",
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      "kind": "chart",
      "text": "Cumulative NEO Compensation Since FY 2013 ($mm) vs. TSR",
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      "text": "Annual NEO Bonus Payouts Since FY 2013",
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      "kind": "paragraph",
      "text": "Despite disappointing operating results that have created little value for shareholders, Disney's named executive officers (NEOs) have received \"over-the-top\" compensation year after year.",
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      "kind": "source-note",
      "text": "Source: SEC filings, FactSet. Note: (1) TSR measured from Disney's fiscal year 2013 ended 09/28/13 through 09/30/23.",
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      "kind": "title",
      "text": "Executive Compensation Is Not Properly Tied to Performance",
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      "evidence": "Contrasts high executive pay with low shareholder returns.",
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      "beatName": "Agitate (Make it worse)",
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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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      "parentBeatName": "Development",
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      "evidence": "The document reveals the underlying issues with Disney's board, including complacency and lack of accountability.",
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      "structure": "The Symptom (Visible) -> The System (Hidden) -> The Root Cause",
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