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  "documentTitle": "PepsiCo (PEP)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
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  "notes": "The slide highlights PepsiCo's consistent underperformance relative to its peer group across all measured timeframes.",
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      "text": "Total shareholder returns have significantly underperformed snacks and beverages peers over an extended period of time",
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      "text": "Total Shareholder Returns: 1-Year",
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      "text": "Source: Bloomberg and Capital IQ through February 14, 2014. Note: The estimates, projections, pro-forma information and potential impact of Trian's ideas set forth herein are based on assumptions that Trian believes to be reasonable.",
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      "text": "Appendix A: Total Shareholder Returns vs. Peers",
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