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  "docSlug": "e685a047c782",
  "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": 12,
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  "notes": "The chart highlights specific corporate events (divestitures/acquisitions) against the stock price timeline to illustrate the lack of value creation.",
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      "kind": "callout",
      "text": "Unaffected Stock Price Has Declined -11% Since the Separation of Conoco (16+ years) And Down -20% From Peak (5/20/98)",
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      "kind": "callout",
      "text": "Unaffected Stock Price(4) Has Declined -11% Since the Separation of Conoco (16+ years) And Down -20% From Peak (5/20/98)",
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      "text": "Stock price performance from 1998 to 2015 with annotations for major corporate events.",
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      "kind": "disclaimer",
      "text": "Source: Bloomberg, Cap IQ as of 2/6/15 and SEC Filings. (1)-(5) footnotes regarding revenue, TSR, and share price calculations.",
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      "text": "Since ’98, DuPont has continually restructured the portfolio to no avail. Divested >$34bn in revenue vs DuPont’s current ~$35bn revenue base. Yet, DuPont’s stock price has declined over a 16 year period.",
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      "text": "TSR: 55%",
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      "text": "TSR comparison: DuPont 55%, S&P 500 144%, S&P Chem 257%",
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      "kind": "title",
      "text": "DuPont’s State Of Perpetual Transformation Has, In Our View, Led To A 16-Year Stock Price Decline",
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