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  "documentTitle": "Newell Brands Inc. (NWL)",
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  "authorName": "Jeffrey C. Smith",
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      "text": "In fact, following the pre-announcement of recent results and initial 2018 outlook, we estimate that management’s EBITDA guidance for 2018 has fallen 17% below its original post-merger guidance.",
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      "text": "The resignations of three well-respected directors late last month... signaled to shareholders that there was serious discord on the Board.",
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      "text": "Following the resignation of these directors, we approached Mr. Franklin regarding our views on Newell... we are confident we have the right people to develop and execute a plan.",
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      "text": "In fact, following the pre-announcement of recent results and initial 2018 outlook, we estimate that management's EBITDA guidance for 2018 has fallen 17% below its original post-merger guidance.",
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