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  "documentTitle": "Newell Brands Inc. (NWL)",
  "authorId": "03_Starboard_Value",
  "authorName": "Jeffrey C. Smith",
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  "presentationDate": "2018-04-11 00:00:00",
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  "notes": "This is a classic activist investor proxy solicitation letter.",
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  "components": [
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      "kind": "callout",
      "text": "THIS IS A CRITICAL TIME FOR NEWELL AND WE NEED THE BEST BOARD POSSIBLE",
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      "text": "Dear Fellow Newell Shareholders, Today we are asking you to elect four new, highly-qualified directors to the Newell Brands Inc. Board of Directors at the upcoming 2018 Annual Meeting on our BLUE proxy card.",
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      "text": "Shareholders have suffered through a prolonged period of poor financial performance and terrible corporate governance. The stock price has been almost cut in half over the last two years and approximately $10 billion of value has been destroyed.",
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      "text": "At this critical time for Newell, it is crucial for the Company to have a well-functioning, highly capable, and truly independent Board. The Company has been mismanaged and has badly missed expectations over the past two years.",
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      "kind": "paragraph",
      "text": "In an attempt to stymie our efforts... the Company entered into a hastily constructed and clearly suboptimal 'cooperation' agreement to hand over almost half of the Board to Carl Icahn.",
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