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  "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)",
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  "authorName": "Nelson Peltz",
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  "presentationDate": "2015-04-21 00:00:00",
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  "notes": "The slide uses a preemptive rebuttal strategy to frame Trian's diligence as a value-add rather than an intrusion.",
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      "text": "While DuPont may portray Trian’s involvement as intrusive, history suggests the result is enhanced performance and long-lasting, collaborative relationships with management and other board members; perhaps best evidenced by Trian’s continuing relationships with Bill Johnson, Arthur Winkleblack and Dennis Reilley (Heinz) and Dennis Kass (Legg Mason)",
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      "text": "The Trian director is therefore able to: 1. Reduce management’s “information advantage” over Board members 2. Provide thoughtful analysis and recommendations based on material, non-public information 3. Ensure decisions are made by the Board in a dispassionate and clinical fashion",
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      "text": "When a Trian partner joins a Board, the resources of Trian are mobilized: 1. An operational, financial, strategic and legal diligence request list is sent to the company 2. The appropriate Trian team examines all the information 3. Trian team interacts with several layers of management",
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      "text": "At large capitalization companies, it is not unusual for Board and Committee members to receive a thousand pages of material; as a result, it is difficult, if not impossible, for any director without a team of analysts to thoroughly review all of the information",
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      "text": "Trian’s Board Engagement Is Comprehensive And Adds Value",
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