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  "documentTitle": "Newell Brands Inc. (NWL)",
  "authorId": "03_Starboard_Value",
  "authorName": "Jeffrey C. Smith",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-04-11 00:00:00",
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  "notes": "Uses a combination of a performance table and a line chart to illustrate operational and market failure.",
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      "kind": "callout",
      "text": "Unfortunately, shareholders have suffered greatly during this period as Newell significantly underperformed both the market and the industry benchmark, and destroyed billions of dollars of shareholder value in a positive market environment.",
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      "kind": "chart",
      "text": "Newell Share Price Performance vs S&P 500 and DJ U.S. Consumer Goods",
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      "text": "Stock Price Reaction: -35%",
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      "text": "We continue to believe that Newell is a valuable company with outstanding assets and brands. Unfortunately, due to a protracted period of mismanagement and poor Board oversight, operating results have deteriorated...",
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      "text": "Source: Bloomberg; Company filings; Starboard estimates; Wall Street estimates",
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      "text": "Source: Capital IQ; Stock price performance from April 18, 2016 to February 8, 2018",
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      "text": "NEWELL IS A GREAT COMPANY, BUT HAS BEEN MISMANAGED AND POORLY GOVERNED",
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