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  "documentTitle": "Newell Brands Inc. (NWL)",
  "authorId": "03_Starboard_Value",
  "authorName": "Jeffrey C. Smith",
  "documentKindSlug": "shareholder-letter",
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  "presentationDate": "2018-04-11 00:00:00",
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  "notes": "Includes a footnote referencing SharkRepellent.net data regarding board representation settlements.",
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      "kind": "callout",
      "text": "Handing over such significant representation to one shareholder through several direct representatives during this critical time is not the answer - it is desperation and self-preservation.",
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      "kind": "list",
      "text": "Divestiture Review: evaluate asset sales... Operational Improvements: review and approve a new management plan... Management Accountability: evaluate management's performance...",
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      "kind": "paragraph",
      "text": "Given the recent “cooperation” agreement with Carl Icahn, we believe that the Company reluctantly accepted the fact that significant change was inevitable... out of approximately 377 settlements... only two other settlements involved three direct representatives.",
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      "text": "FactSet Research Systems Inc. Information based on a search of the SharkRepellent.net database on March 29, 2018 for all reported settlements involving board representation since January 1, 2013.",
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      "kind": "title",
      "text": "THE NEWELL BOARD REQUIRES CHANGE THAT BENEFITS ALL SHAREHOLDERS",
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