{ "kind": "all", "value": "all", "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations", "filters": { "documentKinds": [], "sourceTypes": [], "orientations": [] }, "total": 319975, "page": 1867, "pageSize": 60, "pageCount": 5333, "rows": [ { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": "Includes a call-to-action banner at the bottom right.", "imagePath": "https://imgproxy.kitesheet.com/AcAETTaBJPjxbIYKAQ9FXnh-jOwYYiMNCkUmBD2BvL4/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mN2VlOGFhZTFjODgvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/1", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/2LP1QjbfoXxENdCDGbVBSxY9wlLIQsq4s9dfLFt8Mvo/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mN2VlOGFhZTFjODgvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/KRwQJ5aGlrRaCu122Ln8Cwe3GfFDlWH64E9y5-54__8/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mN2VlOGFhZTFjODgvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/PWauxl7gJCvp86LwjTfsiCqIuRmn9Xq3xVA2arijvOc/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9mN2VlOGFhZTFjODgvcDAwMS5wbmc" }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "appendix_disclosure", "function": "other", "notes": "Includes contact information for proxy solicitor MacKenzie Partners, Inc.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/2", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-2", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/3", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-3", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "thesis_headline", "function": "present_solution", "notes": "Includes a call-to-action at the bottom regarding the proxy card.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/4", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-4", "loopMatches": [ { "to": 4, "from": 4, "name": "Aha Moment", "slug": "03-aha-moment", "bestFor": "Data-heavy sections, research findings, analytical arguments", "matchId": "01d84d36-a13f-484f-908a-2d612d8386b3", "evidence": "Slide 4 presents Trian Partners' investment thesis for DuPont.", "position": 1, "objective": "What is Trian Partners' investment thesis for DuPont?", "structure": "The Problem/Question -> What the Data Shows -> The Insight", "confidence": 0.7, "description": "Establish a tension, present data, then deliver the insight that changes everything" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "villain_critique", "function": "name_villain", "notes": "This is a classic activist investor slide designed to cast doubt on incumbent management.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/5", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-5", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Activist investor presentation (Trian) criticizing management behavior.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/6", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-6", "loopMatches": [], "arcBeatMatches": [ { "to": 12, "from": 6, "beatId": "e98122d4-48f9-428d-a2c4-6c09b16121c4", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose contradiction", "beatSlug": null, "evidence": "Slides 6-12 present a series of contradictions and criticisms of DuPont's strategy and performance.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 7, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a dual-axis chart to show divergence between stock price and EPS; includes specific event annotations related to Trian's involvement.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/7", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-7", "loopMatches": [], "arcBeatMatches": [ { "to": 12, "from": 6, "beatId": "e98122d4-48f9-428d-a2c4-6c09b16121c4", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose contradiction", "beatSlug": null, "evidence": "Slides 6-12 present a series of contradictions and criticisms of DuPont's strategy and performance.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "The slide uses a 'villain' narrative (complexity/conglomerate structure) to justify a proxy fight.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/8", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-8", "loopMatches": [ { "to": 12, "from": 8, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9614840c-3032-46a2-90df-799530290a7c", "evidence": "Slides 8-12 present a series of criticisms of DuPont's strategy and performance, implying a cost of inaction.", "position": 2, "objective": "What are the consequences of not addressing DuPont's complex operations and high corporate costs?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 8, "from": 8, "beatId": "93ae5b39-a7d8-48c6-ad1b-7613c7918563", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "Slide 8 presents a problem statement, highlighting DuPont's complex operations and low-growth businesses.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" }, { "to": 12, "from": 6, "beatId": "e98122d4-48f9-428d-a2c4-6c09b16121c4", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose contradiction", "beatSlug": null, "evidence": "Slides 6-12 present a series of contradictions and criticisms of DuPont's strategy and performance.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 9, "slideType": "comparison_table", "function": "analyze_data", "notes": "The slide uses a red dashed box to group the 'Unproven' segments, contrasting them with the 'Proven' Agriculture segment.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/9", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-9", "loopMatches": [ { "to": 12, "from": 8, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9614840c-3032-46a2-90df-799530290a7c", "evidence": "Slides 8-12 present a series of criticisms of DuPont's strategy and performance, implying a cost of inaction.", "position": 2, "objective": "What are the consequences of not addressing DuPont's complex operations and high corporate costs?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 12, "from": 6, "beatId": "e98122d4-48f9-428d-a2c4-6c09b16121c4", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose contradiction", "beatSlug": null, "evidence": "Slides 6-12 present a series of contradictions and criticisms of DuPont's strategy and performance.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 10, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a series of bar charts to illustrate the 'before and after' of corporate cost allocation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/10", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-10", "loopMatches": [ { "to": 10, "from": 10, "name": "Zoom In", "slug": "06-zoom-in", "bestFor": "Technical deep-dives, case studies, detailed analysis", "matchId": "626004a7-2155-4ba3-ac50-b54bd46e617d", "evidence": "Slide 10 presents a case study of excessive corporate costs in the coatings business.", "position": 0, "objective": "What are the specific areas where DuPont's costs are excessive?", "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication", "confidence": 0.7, "description": "Start broad, then progressively focus on specific details that prove your point" }, { "to": 12, "from": 8, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9614840c-3032-46a2-90df-799530290a7c", "evidence": "Slides 8-12 present a series of criticisms of DuPont's strategy and performance, implying a cost of inaction.", "position": 2, "objective": "What are the consequences of not addressing DuPont's complex operations and high corporate costs?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 12, "from": 6, "beatId": "e98122d4-48f9-428d-a2c4-6c09b16121c4", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose contradiction", "beatSlug": null, "evidence": "Slides 6-12 present a series of contradictions and criticisms of DuPont's strategy and performance.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 11, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "This is an activist investor presentation slide (Trian Partners vs. DuPont) using a before-after style logic to highlight R&D inefficiency.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/11", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-11", "loopMatches": [ { "to": 12, "from": 8, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9614840c-3032-46a2-90df-799530290a7c", "evidence": "Slides 8-12 present a series of criticisms of DuPont's strategy and performance, implying a cost of inaction.", "position": 2, "objective": "What are the consequences of not addressing DuPont's complex operations and high corporate costs?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 12, "from": 6, "beatId": "e98122d4-48f9-428d-a2c4-6c09b16121c4", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose contradiction", "beatSlug": null, "evidence": "Slides 6-12 present a series of contradictions and criticisms of DuPont's strategy and performance.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8b78bf0b9787", "docSlug": "f7ee8aae1c88", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-13 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 12, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a rhetorical question to frame the contradiction.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8b78bf0b9787/12", "deckHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8b78bf0b9787#slide-12", "loopMatches": [ { "to": 12, "from": 8, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9614840c-3032-46a2-90df-799530290a7c", "evidence": "Slides 8-12 present a series of criticisms of DuPont's strategy and performance, implying a cost of inaction.", "position": 2, "objective": "What are the consequences of not addressing DuPont's complex operations and high corporate costs?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 12, "from": 6, "beatId": "e98122d4-48f9-428d-a2c4-6c09b16121c4", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose contradiction", "beatSlug": null, "evidence": "Slides 6-12 present a series of contradictions and criticisms of DuPont's strategy and performance.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 12, "from": 12, "beatId": "ea5afae9-992f-47a6-ba8b-2d02908abbd6", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "Slide 12 suggests that Trian Partners will seek to end 'crony' compensation, implying a clear next step.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8649997e1ae6", "docSlug": "416dbc73dbbf", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-16 00:00:00", "orientation": "portrait", "aspectRatio": 0.75, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": "Includes corporate branding for both DuPont and Trian Partners, and a proxy voting call-to-action.", "imagePath": "https://imgproxy.kitesheet.com/jcNSISf2miLsmt0Z1RiCMWqYH4XuL9A8i4GUye4wz2s/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80MTZkYmM3M2RiYmYvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8649997e1ae6/1", "deckHref": "/decks/019dd923-622b-71dc-a6db-8649997e1ae6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8649997e1ae6#slide-1", "loopMatches": [], "arcBeatMatches": [ { "to": 3, "from": 1, "beatId": "86b1960a-7db2-4d3b-83ec-fd190db60d0a", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Situation & Context", "beatSlug": "consultants-gambit-situation-context", "evidence": "The cover and disclaimers provide context", "position": 2, "confidence": 0.7, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "imagePathAlt": "https://imgproxy.kitesheet.com/bSsMkhQrXeA3tzRK3DJHUcDu1b5MaDT0aGtNdJYj-Zs/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80MTZkYmM3M2RiYmYvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/eF7DMCz_LZts8-79V58pN8Ti08IGygnlTsx4BzomlRo/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80MTZkYmM3M2RiYmYvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/ASfYG6O4zmiWnZp082tc385HFJnbgy_SAFD001jDs9U/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80MTZkYmM3M2RiYmYvcDAwMS5qcGc" }, { "docId": "019dd923-622b-71dc-a6db-8649997e1ae6", "docSlug": "416dbc73dbbf", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-16 00:00:00", "orientation": "portrait", "aspectRatio": 0.75, "pageNumber": 2, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8649997e1ae6/2", "deckHref": "/decks/019dd923-622b-71dc-a6db-8649997e1ae6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8649997e1ae6#slide-2", "loopMatches": [], "arcBeatMatches": [ { "to": 3, "from": 1, "beatId": "86b1960a-7db2-4d3b-83ec-fd190db60d0a", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Situation & Context", "beatSlug": "consultants-gambit-situation-context", "evidence": "The cover and disclaimers provide context", "position": 2, "confidence": 0.7, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8649997e1ae6", "docSlug": "416dbc73dbbf", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-16 00:00:00", "orientation": "portrait", "aspectRatio": 0.75, "pageNumber": 3, "slideType": "appendix_disclosure", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8649997e1ae6/3", "deckHref": "/decks/019dd923-622b-71dc-a6db-8649997e1ae6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8649997e1ae6#slide-3", "loopMatches": [], "arcBeatMatches": [ { "to": 3, "from": 1, "beatId": "86b1960a-7db2-4d3b-83ec-fd190db60d0a", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Situation & Context", "beatSlug": "consultants-gambit-situation-context", "evidence": "The cover and disclaimers provide context", "position": 2, "confidence": 0.7, "parentBeatName": "Setup", "parentBeatSlug": "setup" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8649997e1ae6", "docSlug": "416dbc73dbbf", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-16 00:00:00", "orientation": "portrait", "aspectRatio": 0.75, "pageNumber": 4, "slideType": "thesis_headline", "function": "summarize", "notes": "Includes a callout box emphasizing the flexibility of the separation strategy based on management performance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8649997e1ae6/4", "deckHref": "/decks/019dd923-622b-71dc-a6db-8649997e1ae6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8649997e1ae6#slide-4", "loopMatches": [ { "to": 5, "from": 4, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "468017da-5fc3-4848-b0af-deeab994cb88", "evidence": "The thesis headline and valuation table provide a clear answer", "position": 0, "objective": "Why invest in DuPont?", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.6, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "arcBeatMatches": [ { "to": 4, "from": 4, "beatId": "27bb5a90-22c0-4238-8f5b-e2e3bdff28b3", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Problem", "beatSlug": "sequoia-pitch-problem", "evidence": "The thesis headline presents the investment thesis", "position": 0, "confidence": 0.7, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8649997e1ae6", "docSlug": "416dbc73dbbf", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Trian Partners", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-16 00:00:00", "orientation": "portrait", "aspectRatio": 0.75, "pageNumber": 5, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "This is a sum-of-the-parts valuation model used by Trian Partners in their 2014 activist campaign.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8649997e1ae6/5", "deckHref": "/decks/019dd923-622b-71dc-a6db-8649997e1ae6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8649997e1ae6#slide-5", "loopMatches": [ { "to": 5, "from": 4, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "468017da-5fc3-4848-b0af-deeab994cb88", "evidence": "The thesis headline and valuation table provide a clear answer", "position": 0, "objective": "Why invest in DuPont?", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.6, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "arcBeatMatches": [ { "to": 5, "from": 5, "beatId": "3c74c6d0-ab6e-4136-a995-ba6fe109e4e3", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Solution", "beatSlug": "sequoia-pitch-solution", "evidence": "The valuation table presents the solution", "position": 1, "confidence": 0.7, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": "https://imgproxy.kitesheet.com/QeHCJ3luAafaCJ8EOErfulg_yfsDTAjep8tqReUn2XM/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84MDkzOGVlOGYyOGMvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/1", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-1", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "8322c4a8-d92d-40d9-8fb5-1619af7b8bbe", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Hook", "beatSlug": "hook", "evidence": "The cover slide and introduction", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": "https://imgproxy.kitesheet.com/7X9XzJJbwF6ehcZqmDR9TlQNPFcPGCFswcFNSfLKdWA/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84MDkzOGVlOGYyOGMvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/Oogmjhif8E1_u_M6NI6vXtiBLTLGuzI2nX9Qq14X29c/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84MDkzOGVlOGYyOGMvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/ehna0gPC_fWvPc6DEDlOr5qEHODB5vyD-tYzD7F8vBw/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy84MDkzOGVlOGYyOGMvcDAwMS5qcGc" }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 2, "slideType": "appendix_disclosure", "function": "other", "notes": "Includes contact information for proxy solicitor MacKenzie Partners.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/2", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-2", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "8322c4a8-d92d-40d9-8fb5-1619af7b8bbe", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Hook", "beatSlug": "hook", "evidence": "The cover slide and introduction", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 3, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/3", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-3", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "8322c4a8-d92d-40d9-8fb5-1619af7b8bbe", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Hook", "beatSlug": "hook", "evidence": "The cover slide and introduction", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 4, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/4", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-4", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "8322c4a8-d92d-40d9-8fb5-1619af7b8bbe", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Hook", "beatSlug": "hook", "evidence": "The cover slide and introduction", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 5, "slideType": "appendix", "function": "summarize", "notes": "The slide uses a logo grid to demonstrate historical investment influence, specifically highlighting board representation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/5", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-5", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 6, "slideType": "key_takeaways", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/6", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-6", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 7, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "Includes an alternate nominee section at the bottom.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/7", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-7", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 8, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "The table uses checkmarks to indicate that all nominees possess the listed skills, with one exception (Board Experience for Robert).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/8", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-8", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 9, "slideType": "thesis_headline", "function": "summarize", "notes": "Includes a callout box highlighting potential upside from excess cost reduction.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/9", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-9", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 10, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses the 'put money where mouth is' trope to frame the CEO's actions as hypocritical.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/10", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-10", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 11, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/11", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-11", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "c6182c7d-251a-4039-b236-d1b4e6da34b3", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Complication", "beatSlug": "complication", "evidence": "DuPont's track record of underperformance", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 12, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a dual-axis chart to overlay stock price (line) and EPS (red line with points) to show divergence.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/12", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-12", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "c6182c7d-251a-4039-b236-d1b4e6da34b3", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Complication", "beatSlug": "complication", "evidence": "DuPont's track record of underperformance", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 13, "slideType": "kpi_overview", "function": "analyze_data", "notes": "The slide highlights a recurring pattern of management missing guidance despite Q1 beats.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/13", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-13", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "c6182c7d-251a-4039-b236-d1b4e6da34b3", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Complication", "beatSlug": "complication", "evidence": "DuPont's track record of underperformance", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 14, "slideType": "valuation_reveal", "function": "show_valuation_bridge", "notes": "Uses a waterfall-bridge framework to reconcile EPS figures.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/14", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-14", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "c6182c7d-251a-4039-b236-d1b4e6da34b3", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Complication", "beatSlug": "complication", "evidence": "DuPont's track record of underperformance", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 15, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "Trian Portfolio Company (IR) is highlighted in green; DuPont (DD) is highlighted in red.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/15", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-15", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "c6182c7d-251a-4039-b236-d1b4e6da34b3", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Complication", "beatSlug": "complication", "evidence": "DuPont's track record of underperformance", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 16, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "DuPont is highlighted in red boxes across all three charts to emphasize its underperformance relative to peers.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/16", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-16", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "c6182c7d-251a-4039-b236-d1b4e6da34b3", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Complication", "beatSlug": "complication", "evidence": "DuPont's track record of underperformance", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 17, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a line chart with annotations of key corporate events to contrast management's stated strategy with actual stock performance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/17", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-17", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "c6182c7d-251a-4039-b236-d1b4e6da34b3", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Complication", "beatSlug": "complication", "evidence": "DuPont's track record of underperformance", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 18, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/18", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-18", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "c6182c7d-251a-4039-b236-d1b4e6da34b3", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Complication", "beatSlug": "complication", "evidence": "DuPont's track record of underperformance", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 19, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide uses bar charts to contrast DuPont's actual performance against 2011/2013 targets and specific peer benchmarks.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/19", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-19", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "c6182c7d-251a-4039-b236-d1b4e6da34b3", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Complication", "beatSlug": "complication", "evidence": "DuPont's track record of underperformance", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 20, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide uses a comparison frame to highlight underperformance in specific business units.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/20", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-20", "loopMatches": [ { "to": 20, "from": 10, "name": "Iceberg", "slug": "10-iceberg", "bestFor": "Consulting, complex problem solving, organizational change", "matchId": "5a6c2ff7-636a-4d16-ad24-7656376c03f6", "evidence": "Exposing contradictions in DuPont's strategy and performance", "position": 0, "objective": "Reveal DuPont's underperformance", "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" } ], "arcBeatMatches": [ { "to": 20, "from": 11, "beatId": "c6182c7d-251a-4039-b236-d1b4e6da34b3", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Complication", "beatSlug": "complication", "evidence": "DuPont's track record of underperformance", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-8db9eda08bf8", "docSlug": "80938ee8f28c", "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)", "authorId": "06_Trian_Partners", "authorName": "Nelson Peltz", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2015-04-22 00:00:00", "orientation": "landscape", "aspectRatio": 1.2631578, "pageNumber": 21, "slideType": "demand_list", "function": "state_demand", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-8db9eda08bf8/21", "deckHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-8db9eda08bf8#slide-21", "loopMatches": [ { "to": 30, "from": 21, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "05802e52-57d3-4841-85fb-eb2c5315a7a4", "evidence": "Excess corporate costs and poor governance", "position": 1, "objective": "Highlight the cost of inaction", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.7, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 30, "from": 21, "beatId": "4902bd43-8f6a-432e-9a98-ff330420aa55", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Problem & Complication", "beatSlug": "consultants-gambit-problem-complication", "evidence": "Root cause of DuPont's underperformance", "position": 2, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "executive_summary", "function": "frame_situation", "notes": "This is a formal activist letter serving as the cover/introductory page of a presentation deck.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/4", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-4", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 5, "from": 2, "beatId": "02c21229-e904-4b66-a230-854917fc7ed8", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "Slides 2-5 highlight Solventum's underperformance and decline in performance since spinning out of 3M.", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "executive_summary", "function": "diagnose_problem", "notes": "This is a text-heavy slide from an activist investor deck (Trian Partners) detailing the investment thesis and subsequent disappointment regarding Solventum.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/5", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-5", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 5, "from": 2, "beatId": "02c21229-e904-4b66-a230-854917fc7ed8", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "Slides 2-5 highlight Solventum's underperformance and decline in performance since spinning out of 3M.", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide argues that management is setting low bars to ensure easy beats, contrasting this with historical 3M performance and industry-wide spin-off margin expansion data.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/6", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-6", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 14, "from": 6, "beatId": "2f40f330-478d-4d06-a818-df5f8ce83974", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "Slides 6-14 show Solventum's poor performance compared to peers and historical performance, and highlight the company's margin deterioration.", "position": 1, "confidence": 0.9, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 7, "slideType": "precedent_table", "function": "cite_precedent", "notes": "The slide combines a quantitative precedent table with qualitative strategic recommendations for the company.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/7", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-7", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 14, "from": 6, "beatId": "2f40f330-478d-4d06-a818-df5f8ce83974", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "Slides 6-14 show Solventum's poor performance compared to peers and historical performance, and highlight the company's margin deterioration.", "position": 1, "confidence": 0.9, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "slideType": "closing_ask", "function": "closing_ask", "notes": "This is a text-heavy slide acting as a formal closing letter from an activist investor.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/8", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-8", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 14, "from": 6, "beatId": "2f40f330-478d-4d06-a818-df5f8ce83974", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "Slides 6-14 show Solventum's poor performance compared to peers and historical performance, and highlight the company's margin deterioration.", "position": 1, "confidence": 0.9, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 9, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/9", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-9", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 14, "from": 6, "beatId": "2f40f330-478d-4d06-a818-df5f8ce83974", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "Slides 6-14 show Solventum's poor performance compared to peers and historical performance, and highlight the company's margin deterioration.", "position": 1, "confidence": 0.9, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 10, "slideType": "kpi_overview", "function": "summarize", "notes": "The slide uses a table to summarize the 2023 business mix across four segments: MedSurg, Health Info Systems, Dental Solutions, and Purification & Filtration.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/10", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-10", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 14, "from": 6, "beatId": "2f40f330-478d-4d06-a818-df5f8ce83974", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "Slides 6-14 show Solventum's poor performance compared to peers and historical performance, and highlight the company's margin deterioration.", "position": 1, "confidence": 0.9, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 11, "slideType": "before_after", "function": "compare_peers", "notes": "The chart includes a table summarizing average organic growth over various time horizons (3, 5, 10, 20 years).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/11", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-11", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 15, "from": 11, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "e48883c9-3c60-4e4a-9a45-5c0081624b7c", "evidence": "Slides 11-15 show the decline in Solventum's performance after spinning out of 3M.", "position": 1, "objective": "The before-after loop highlights the contrast between Solventum's performance before and after spinning out of 3M.", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 14, "from": 6, "beatId": "2f40f330-478d-4d06-a818-df5f8ce83974", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "Slides 6-14 show Solventum's poor performance compared to peers and historical performance, and highlight the company's margin deterioration.", "position": 1, "confidence": 0.9, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 12, "slideType": "cite_precedent", "function": "cite_precedent", "notes": "The slide uses a 2x2 grid layout to present four distinct analyst perspectives.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/12", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-12", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 15, "from": 11, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "e48883c9-3c60-4e4a-9a45-5c0081624b7c", "evidence": "Slides 11-15 show the decline in Solventum's performance after spinning out of 3M.", "position": 1, "objective": "The before-after loop highlights the contrast between Solventum's performance before and after spinning out of 3M.", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 14, "from": 6, "beatId": "2f40f330-478d-4d06-a818-df5f8ce83974", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "Slides 6-14 show Solventum's poor performance compared to peers and historical performance, and highlight the company's margin deterioration.", "position": 1, "confidence": 0.9, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 13, "slideType": "precedent_table", "function": "preempt_rebuttal", "notes": "The slide uses a table to contrast analyst expectations at the time of the spin-off announcement against current market pricing to argue for undervaluation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/13", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-13", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 15, "from": 11, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "e48883c9-3c60-4e4a-9a45-5c0081624b7c", "evidence": "Slides 11-15 show the decline in Solventum's performance after spinning out of 3M.", "position": 1, "objective": "The before-after loop highlights the contrast between Solventum's performance before and after spinning out of 3M.", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 14, "from": 6, "beatId": "2f40f330-478d-4d06-a818-df5f8ce83974", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "Slides 6-14 show Solventum's poor performance compared to peers and historical performance, and highlight the company's margin deterioration.", "position": 1, "confidence": 0.9, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 14, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart highlights the valuation gap between Solventum and its peers, suggesting the market is underestimating its earnings potential.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/14", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-14", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 15, "from": 11, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "e48883c9-3c60-4e4a-9a45-5c0081624b7c", "evidence": "Slides 11-15 show the decline in Solventum's performance after spinning out of 3M.", "position": 1, "objective": "The before-after loop highlights the contrast between Solventum's performance before and after spinning out of 3M.", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 14, "from": 6, "beatId": "2f40f330-478d-4d06-a818-df5f8ce83974", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "Slides 6-14 show Solventum's poor performance compared to peers and historical performance, and highlight the company's margin deterioration.", "position": 1, "confidence": 0.9, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 15, "slideType": "before_after", "function": "expose_gap", "notes": "The slide uses a before-after framing to argue that the spin-off has resulted in performance degradation rather than the expected improvement.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/15", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-15", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 15, "from": 11, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "e48883c9-3c60-4e4a-9a45-5c0081624b7c", "evidence": "Slides 11-15 show the decline in Solventum's performance after spinning out of 3M.", "position": 1, "objective": "The before-after loop highlights the contrast between Solventum's performance before and after spinning out of 3M.", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 23, "from": 15, "beatId": "a130df98-64af-4255-946e-f1fc0c14712e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 15-23 offer a solution through margin expansion, overhead cost savings, and growth, and conclude with a valuation reveal.", "position": 2, "confidence": 0.9, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 16, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "The chart uses a waterfall-style ordering (descending) to emphasize the current low performance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/16", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-16", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 23, "from": 15, "beatId": "a130df98-64af-4255-946e-f1fc0c14712e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 15-23 offer a solution through margin expansion, overhead cost savings, and growth, and conclude with a valuation reveal.", "position": 2, "confidence": 0.9, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 17, "slideType": "comparison_table", "function": "expose_contradiction", "notes": "The slide highlights a discrepancy between analyst expectations and historical performance to argue for better potential.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/17", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-17", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 23, "from": 15, "beatId": "a130df98-64af-4255-946e-f1fc0c14712e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 15-23 offer a solution through margin expansion, overhead cost savings, and growth, and conclude with a valuation reveal.", "position": 2, "confidence": 0.9, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 18, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart highlights Solventum's outlier performance in margin deterioration compared to historical precedents.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/18", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-18", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 23, "from": 15, "beatId": "a130df98-64af-4255-946e-f1fc0c14712e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 15-23 offer a solution through margin expansion, overhead cost savings, and growth, and conclude with a valuation reveal.", "position": 2, "confidence": 0.9, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 19, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide uses a 'Precedent Spin Analysis' to justify a 27% margin target for Solventum.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/19", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-19", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 23, "from": 15, "beatId": "a130df98-64af-4255-946e-f1fc0c14712e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 15-23 offer a solution through margin expansion, overhead cost savings, and growth, and conclude with a valuation reveal.", "position": 2, "confidence": 0.9, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 20, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide uses a bar chart to compare historical Solventum allocations against peer benchmarks, arguing that Solventum was over-allocated costs by 3M.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/20", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-20", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 23, "from": 15, "beatId": "a130df98-64af-4255-946e-f1fc0c14712e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 15-23 offer a solution through margin expansion, overhead cost savings, and growth, and conclude with a valuation reveal.", "position": 2, "confidence": 0.9, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 21, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "Uses case studies of GE and DuPont/Axalta to argue for corporate spin-offs.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/21", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-21", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 23, "from": 15, "beatId": "a130df98-64af-4255-946e-f1fc0c14712e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 15-23 offer a solution through margin expansion, overhead cost savings, and growth, and conclude with a valuation reveal.", "position": 2, "confidence": 0.9, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 22, "slideType": "before_after", "function": "diagnose_problem", "notes": "The slide uses a before-after structure to highlight the deterioration of Solventum's growth relative to peers.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/22", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-22", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 23, "from": 15, "beatId": "a130df98-64af-4255-946e-f1fc0c14712e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 15-23 offer a solution through margin expansion, overhead cost savings, and growth, and conclude with a valuation reveal.", "position": 2, "confidence": 0.9, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 23, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "Includes a 'Restoring Performance' WholeCo Valuation Analysis table with supporting commentary.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/23", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-23", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 23, "from": 15, "beatId": "a130df98-64af-4255-946e-f1fc0c14712e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 15-23 offer a solution through margin expansion, overhead cost savings, and growth, and conclude with a valuation reveal.", "position": 2, "confidence": 0.9, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 24, "slideType": "appendix_disclosure", "function": "appendix", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/24", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-24", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 25, "slideType": "appendix_disclosure", "function": "appendix", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/25", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-25", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true } ] }