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  "documentTitle": "The Procter & Gamble Company (PG)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-09-06 00:00:00",
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  "notes": "Uses a comparison table to link external CEO experience to superior 10-year TSR performance.",
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      "kind": "callout",
      "text": "P&G must enhance the process today by hiring senior leaders with external experience who can be candidates to be P&G's next CEO",
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      "text": "Many peers who have outperformed P&G have had CEOs with substantial external experience. P&G's last four CEO's all spent their entire career at P&G. At the time the Board made these CEO decisions, very few if any GBU or SMO leaders had substantial external experience. We are committed to working with David Taylor but good governance mandates robust succession planning.",
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      "text": "10-Year TSR: +93%",
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      "text": "Other CPG Companies That Hired CEOs With Significant External Experience: Nestle, Mondelez, Campbell Soup, Conagra, Dr Pepper Snapple, Kraft Heinz, PepsiCo, Diageo, Coty, Estee Lauder.",
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      "kind": "title",
      "text": "Future CEO Succession Process Should Plan for Potential External Candidates",
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