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  "docSlug": "d34e3ebbefa07bda41cee30322b1331a",
  "documentTitle": "Trian Partners | Activist Presentation Deck | 94 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2017-09-01 00:00:00",
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  "pageNumber": 23,
  "pageCount": 94,
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  "slideType": "peer_benchmark",
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  "density": "balanced",
  "nDataPoints": 14,
  "notes": "The slide highlights a 1,200bps performance gap between P&G and its peers.",
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  "slideHref": "/slides/019de06f-8727-7305-aa8a-0f1cc9311f88/23",
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      "kind": "callout",
      "text": "P&G underperformed by 1,200bps",
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      "kind": "chart",
      "text": "Indexed organic volume growth line chart comparing P&G (blue) and Peers (grey) from 2011 to 2017.",
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      "kind": "disclaimer",
      "text": "Source: SEC filings and annual reports. Note: Excludes Reckitt Benckiser, Edgewell Personal Care, L'Oreal Consumer Products and Beiersdorf Consumer due to lack of volume disclosure.",
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      "kind": "table",
      "text": "Average Volume Growth During David Taylor's Tenure (Q2 '16 - Q4 '17): Clorox 4.0%, Church & Dwight 3.6%, Henkel 2.7%, Kimberly-Clark 2.1%, Unilever 1.4%, P&G 1.1%, Colgate-Palmolive 0.6%, Peer Average ex. P&G 2.4%",
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      "kind": "title",
      "text": "Volume Growth Continues to Trail Peers",
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      "text": "Indexed Organic Volume Growth: FY 2011 – FY 2017",
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