Disney Shareholder Engagement Presentation Deck
Disney shareholders must carefully analyze Peltz's statements to
differentiate facts from fiction
WHAT NELSON PELTZ CLAIMS
"Not looking to replace Bob Iger"1
"Mr. Peltz thinks Mr. Parker and the newly-returned
Mr. Iger are too friendly"3
"They offered me a board observer yesterday"4
"If you look at my record, I've never gotten rid of anybody"4
He wanted to meet with the Board to present his strategic and operating initiatives
"I have probably served on more boards than anybody that I know whatever
Board it was, has outperformed the S&P by 900 bps annually"4
THE ACTUAL FACTS
"Trian's view is that Mr. Iger shouldn't be back in control of the company"²
Bob Iger and Mark Parker's relationship is purely professional
and focused on the Disney Board
Disney offered Peltz an information sharing agreement whereby he would meet
separately with management and the Board once a quarter
"Probably the most high-profile activist-driven CEO departure of the year
involved Nelson Peltz and his ultimately successful
behind-the-scenes effort to push GE CEO Jeff Immelt out"5
Peltz met with the Board on January 10th and presented
no strategy, no operating initiatives, no new ideas and no plan
At a minimum, the MSG Sports Board, which Peltz has served on since 2014,
has not outperformed the S&P by 900bps annually
1 RestoreTheMagic.com; 2 Wall Street Journal, Robert Iger Returns as Disney CEO as Bob Chapek is Ousted, 11/21/22; 3 Wall Street Journal, Activist Investor Nelson Peltz to Disney's New Board Chair: No Thanks, 01/12/23; 4 Nelson Peltz, CNBC
interview, 01/12/23; 5 The Deal, Activists Forced These CEOs to Exit Top Companies This Year, 07/10/17
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