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  "documentTitle": "The Procter & Gamble Company (PG)",
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  "presentationDate": "2017-09-21 00:00:00",
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  "notes": "Includes performance metrics for Wendy's vs P&G and S&P 500.",
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      "text": "Trian has been a shareholder of Wendy's for nearly 12 years, a testament to the long-term nature of our strategy.",
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      "text": "Trian Fund Management, L.P. (\"Trian\") and certain of the funds and investment vehicles it manages...",
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      "text": "Pages 89 – 91 (Deep Dive into Performance at Wendy's)",
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      "text": "Total Shareholder Return: +465%",
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      "text": "Since Trian's original investment in 2005, Wendy's has achieved a total shareholder return of +465%, versus P&G's TSR of +125%, and the S&P 500's TSR of +155% over the same time frame.",
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      "text": "Since the merger in 2008, Wendy's has achieved a total shareholder return of +232%, versus P&G's TSR of +71%, and the S&P 500's TSR of +142% over the same time frame.",
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