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  "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-02-17 00:00:00",
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  "pageNumber": 10,
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  "notes": "The slide uses a contrast-pairs framework to juxtapose DuPont's narrative of disruption against Trian's history of collaboration.",
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      "kind": "callout",
      "text": "Instead, management has missed guidance for the third year in a row(2)\nTime and resources continue to be wasted\nWhy is it that DuPont recognizes the need to upgrade the Board but refuses to allow a large stockholder with a strong track record into the Boardroom?",
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      "kind": "callout",
      "text": "Why is it that DuPont recognizes the need to upgrade the Board but refuses to allow a large stockholder with a strong track record into the Boardroom?",
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      "text": "DuPont asserts that “Trian has chosen this path [a proxy contest] with the potential to disrupt our Company at a key stage of execution against our plan”(1)\nWe reject this notion, as Trian has consistently and purposefully avoided proxy contests over the years\nHowever, Trian’s efforts to compromise with DuPont since 2013 have been summarily rejected\nDisappointingly, this current situation could have been resolved at many different stages since 2013, but DuPont has not shown any interest in pursuing a settlement involving a Trian Principal",
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      "text": "“Trian has chosen this path [a proxy contest] with the potential to disrupt our Company at a key stage of execution against our plan” — Company press release, January 8, 2015.",
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      "text": "(1) Company press release. January 8, 2015.\n(2) Excludes one-time gains, the impact of better than expected tax rate and other one-time items.",
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      "kind": "title",
      "text": "DuPont Has Chosen The Path Of \"Disruption\"... Not Trian",
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