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  "documentTitle": "2024 03 Investor Presentation",
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      "text": "Average board performance has been ~1,500bps WORSE annually than the S&P.",
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      "text": "Served on 14 boards; Only 6 have outperformed the total shareholder return (TSR) of the S&P annually over his Board tenure; Average board performance has been ~50bps WORSE annually than the S&P; Median board performance has been ~250bps WORSE annually than the S&P",
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      "text": "Served on 8 boards; Only 1 has outperformed the TSR of the S&P annually; Average board performance has been ~1,500bps WORSE annually than the S&P; Median board performance has been ~1,000bps WORSE annually than the S&P",
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      "text": "I have probably served on more boards than anybody that I know ... whatever Board it was, has outperformed the S&P by 900bps annually - Nelson Peltz, CNBC interview, 01/12/23",
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      "text": "Source: FactSet as of 02/22/24. 1 Nelson Peltz, CNBC interview, 01/12/23; 2 The performance numbers represent total shareholder returns... 3 Trian Fund Management, preliminary proxy statement, 02/02/23; 4 Includes Trian Co-Founders Ed Garden and Peter May...",
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