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Campaigns / Trian Partners → The Walt Disney Company
Trian Partners vs. The Walt Disney Company

The Walt Disney Company · DIS

3 decks published between 2023-01-11 and 2024-03-01 — 145 pages, 145 analysed slides total. Outcome: lost.

initial thesis proxy fight

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2023-01-11 initial thesis

    2023 01 Trian Disney Launch Press Release 01.11.23

    9pp · press_release

    Disney is in a self-inflicted crisis of governance, strategy and capital allocation; electing Nelson Peltz to the board will restore discipline, profitability and the dividend by FY 2025.

    N 4 V 2 C 2
    ⌂
  2. 2024-01-18 proxy fight

    2024 01 Disney Trian Preliminary Proxy Press Release 01.18.24

    3pp · press_release

    Disney's board has failed shareholders — TSR lags peers by 401% over ten years — so Trian is nominating Peltz and former CFO Rasulo to restore governance, accountability, and 'the magic.'

    N 3 V 2 C 2
    ⌂ ”
  3. 2024-03-01 proxy fight

    p24 1119_exhibit1

    133pp · full_deck

    Disney's decade of underperformance stems from a board lacking focus and accountability; electing Peltz and Rasulo brings ownership mentality to fix succession, streaming economics and capital allocation.