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  "documentTitle": "Newell Brands Inc. (NWL)",
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  "authorName": "Jeffrey C. Smith",
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      "text": "At the root of many of the issues facing Newell is the functioning of the Board. Historically, the Board has operated with a Chairman’s Executive Committee composed of a select group of five Board members, including Mr. Todman.",
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      "text": "Furthermore, corporate governance has been terrible and, we believe, there has been serious dysfunction with the Board, resulting in the resignation of five incumbent Newell directors at three different times over the past several months.",
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      "text": "We believe that we are proposing the right change required to fix the current untenable situation at Newell, and remove the dangerous voting bloc, through the nomination of four highly credible and experienced independent directors.",
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      "text": "I resigned because I do not believe that the current course is the optimal path forward for the company [Newell]. I am not comfortable with recent events and have come to believe that change is needed.",
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