{
  "docId": "019dd923-622b-71dc-a6db-615d7f9553a7",
  "docSlug": "90d63e982928",
  "documentTitle": "PPG Industries, Inc. (PPG)",
  "authorId": "06_Trian_Partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-10-11 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 15,
  "pageCount": 42,
  "prevPage": 14,
  "nextPage": 16,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 10,
  "notes": "Uses Glassdoor data to contrast PPG's performance against industry peers.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "bar_chart_vertical",
    "area_chart",
    "callout_box",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-615d7f9553a7/15",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-615d7f9553a7",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-615d7f9553a7.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-615d7f9553a7#slide-15",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.88,
        "x": 0.06,
        "y": 0.84
      },
      "kind": "callout",
      "text": "With both investors and employees seemingly dissatisfied, PPG's leadership culture needs to be addressed",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0753337-5a53-419c-899c-82f721e70bc7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.42,
        "x": 0.53,
        "y": 0.26
      },
      "kind": "chart",
      "text": "PPG's CEO Approval Trend (per Glassdoor) (2017-Today)",
      "attrs": null,
      "subkind": "area",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "05d8a85a-f9fa-4330-8e13-1e0ffc49c9d9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.45,
        "x": 0.06,
        "y": 0.26
      },
      "kind": "chart",
      "text": "Glassdoor CEO Approval Ratings",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7d936e84-34a7-4153-a1b7-e53b6809141f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.88,
        "x": 0.06,
        "y": 0.11
      },
      "kind": "list",
      "text": "According to Glassdoor, PPG's CEO approval rating currently stands at 61%, more than 20 percentage points lower than the peer average. Since the beginning of 2017, PPG's CEO approval has dropped nearly 20 percentage points",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "79bb21db-64d2-48ac-817b-e837475c1da2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "CEO approval rating: 61%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-1ac3-70f9-8554-8bb13e4cf65a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "According to Glassdoor, PPG's CEO approval rating currently stands at 61%, more than 20 percentage points lower than the peer average — Trian Partners",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-1ac3-70f9-8554-842997b10420",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.98,
        "x": 0.01,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Publicly available data from Glassdoor.com. Ratings as of October 11, 2018. (1) Average of approval ratings and number of ratings for Hugh Grant, Michael Lamach, Martin Richenhagen, Stephen Angel, and Gary Heminger.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "56649ad9-42be-4295-b2c0-571401f4cda2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.75,
        "x": 0.06,
        "y": 0.04
      },
      "kind": "title",
      "text": "Employees May Be Losing Confidence in Management",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "91ee8baf-516b-4873-9ddc-cf977e6373dd",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "c70b85aa-9e51-4d26-b6ad-c10aef98a40d",
      "evidence": "Uses comparative data to expose leadership failure",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 15,
      "from": 5,
      "beatId": "6757edd9-cb2e-47b9-95f4-7251960ab60d",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Problem & Complication",
      "beatSlug": "consultants-gambit-problem-complication",
      "evidence": "The document highlights PPG's underperformance, missed targets, and accounting irregularities, and exposes contradictions in management's decisions and actions.",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 15,
      "from": 10,
      "name": "Aha Moment",
      "slug": "03-aha-moment",
      "bestFor": "Data-heavy sections, research findings, analytical arguments",
      "matchId": "c292b62e-ed20-4a33-8a42-32acafc5886c",
      "evidence": "The document exposes contradictions in management's decisions and actions, and highlights the need for change.",
      "position": 1,
      "objective": "What are the implications of PPG's missed targets and accounting irregularities?",
      "structure": "The Problem/Question -> What the Data Shows -> The Insight",
      "confidence": 0.7,
      "description": "Establish a tension, present data, then deliver the insight that changes everything"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}