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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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  "notes": "Includes a testimonial from the CEO of Wendy's.",
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      "text": "Wendy’s Outstanding Shareholder Returns",
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      "text": "In 2008, Triarc, which was controlled by Trian’s Principals, acquired Wendy’s International; Nelson Peltz became Non-Executive Chairman. Trian’s Principals’ investment thesis for long-term value creation: 1) increase focus, 2) invest in organic growth, and 3) expand margins. Capital expenditures in 2014 have tripled since 2008 as the brand is executing an Image Activation investment program. Relaunched the entire core menu, including hamburgers, fries, salads and chicken sandwiches, resulting in record sales per store. Rated #1 overall and in food and décor in Zagat’s Sept. 2012 fast food survey. Improved the quality of earnings through refranchising: targeting 5% company ownership by 2016 – down from 21% in 2008",
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      "text": "Nelson Peltz and Trian have played an important role in Wendy’s brand transformation and financial improvement. I greatly value the thought leadership and strategic insight that Nelson and the Trian team provide. Nelson and Trian are passionate advocates for the brand’s growth and success. We work collaboratively on key strategic decisions and our company benefits from Trian’s insight on financial and global opportunities.",
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