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  "documentTitle": "Nestlé S.A. (NESN)",
  "authorId": "05_Third_Point",
  "authorName": "Third Point",
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  "presentationDate": "2018-07-01 00:00:00",
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  "notes": "This is an activist investor slide framing the problem for the board and management.",
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      "text": "THIRD POINT, ONE OF NESTLÉ’S LARGEST INVESTORS, OFFERS THIS ROADMAP TO ENSURE NESTLÉ MAINTAINS ITS COMPETITIVE POSITION AND ACHIEVES LONG-TERM SUCCESS",
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      "text": "THIRD POINT, ONE OF NESTLÉ'S LARGEST INVESTORS, OFFERS THIS ROADMAP TO ENSURE NESTLÉ MAINTAINS ITS COMPETITIVE POSITION AND ACHIEVES LONG-TERM SUCCESS",
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      "text": "Nestlé has been too slow to react to significant changes across the consumer products industry given structural issues around strategy, portfolio, and organization, and thus operates far below its potential. CEO Mark Schneider has acknowledged the need for improvement, but pace and magnitude of change seem insufficient and reflect Nestlé’s staid, sometimes sclerotic, culture and tendency toward incremental improvements. Nestlé is losing market share across its categories to both smaller, more nimble competitors and larger, more focused competitors. As a result, financial performance has been weak and shares have underperformed.",
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      "text": "Source: Third Point LLC",
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      "text": "NESTLÉ NOT LIVING UP TO ITS POTENTIAL",
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