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  "documentTitle": "Third Point Management | Activist Presentation Deck | 34 slides",
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  "notes": "This slide uses a 'breakup' or 'spinoff' logic to argue for operational efficiency.",
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      "text": "NEW ORGANIZATIONAL STRUCTURE WILL IMPROVE FOCUS AND SPEED TO MARKET FOR EACH CATEGORY (A KEY OBJECTIVE OF CEO MARK SCHNEIDER)",
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      "text": "Separation would allow Nestlé CEO to focus more on overall corporate strategy and capital allocation.",
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      "text": "Each division would benefit from having separate management teams. Distinct strategies, dedicated sales forces, and greater accountability would drive stronger operating performance.",
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      "text": "Businesses within Grocery in particular would benefit from a different approach. Lower growth businesses require management with different skill set and attitude.",
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      "text": "Separate business along category lines into Beverages, Nutrition, Grocery divisions. Each group of categories has a different outlook and set of opportunities for sales growth and profitability.",
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