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  "documentTitle": "Trian Partners | Activist Presentation Deck | 133 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
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  "presentationDate": "2024-03-01 00:00:00",
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  "notes": "Uses a timeline to contrast Disney's claims of engagement with the reality of limited, non-substantive contact.",
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      "kind": "callout",
      "text": "Disney’s Board decided to spend an estimated $40 million of shareholder money engaging in a proxy contest, while 11 out of 12 Directors have not even met Nelson Peltz or Jay Rasulo in-person during Trian’s engagement with the Company in the past year and a half",
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      "text": "Timeline of interactions from Jan 2023 to Feb 2024",
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      "text": "Disney claims that it has maintained an open dialogue with Trian, having “no less than 20 meaningful interactions” since February 2023... In reality, we had precious few substantive interactions – mostly brief phone calls or emails – and not a single meeting with a non-executive Director in-person in over a year of formal engagement regarding Board representation. Further, Disney's Proxy Statement only lists 11 interactions with Trian since February 2023.",
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      "kind": "source-note",
      "text": "Source: Disney’s 2024 Definitive Proxy Statement, Background to the Solicitation. Note: “Engagement” with Trian defined as calls or meetings with current Disney Board members.",
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      "kind": "title",
      "text": "Disney’s “Meaningful Interactions” Amount to Approximately 3 Hours of Total “Engagement” with Trian",
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