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  "documentTitle": "E.I. du Pont de Nemours and Company (DuPont) (DD)",
  "authorId": "06_Trian_Partners",
  "authorName": "Nelson Peltz",
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  "presentationDate": "2015-04-21 00:00:00",
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  "notes": "Uses a side-by-side comparison to frame management's track record as value-destructive.",
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      "text": "DuPont's share price declined by $10 cumulatively over all 31 Earnings Events, underperforming the S&P 500 Index by even more, suggesting strong operational execution has not been a primary driver of value creation",
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      "text": "Trian reviewed all eight major M&A... DuPont's share price declined by ~$0.46 cumulatively... No single announcement drove so much as 100 bps of share price outperformance...",
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      "text": "Trian reviewed all 31 Earnings Events... DuPont's share price declined by $10 cumulatively... Share price has declined in response to 7 of the last 9 Earnings Events...",
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      "text": "cumulative share price change: -$10",
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      "text": "DuPont M&A / Portfolio Developments Since 2009 (8 Major Portfolio Announcements)",
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      "kind": "paragraph",
      "text": "DuPont Operational Execution Since 2009 (31 Earnings Events in Total)",
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      "kind": "source-note",
      "text": "Sources: Capital IQ, Bloomberg, Company SEC Filings, and DuPont website news and press releases.",
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      "text": "Earnings Events and M&A Announcements, In Our View, Have Led to Value Destruction, Not Value Creation During Management's Tenure",
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