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  "documentTitle": "Third Point Management | Activist Presentation Deck | 45 slides",
  "authorId": "third-point-management",
  "authorName": "Third Point",
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  "presentationDate": "2018-10-01 00:00:00",
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  "notes": "Includes a screenshot of a CNBC news segment featuring Third Point's position.",
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      "text": "CNBC news segment screenshot showing Campbell Soup stock performance and Third Point's demand for a sale.",
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      "text": "Third Point had limited confidence that Campbell’s incumbent Board (after years of abysmal oversight) would conduct a proper and thoughtful strategic review. Furthermore, Third Point was concerned the incumbent Board would look to prioritize the interests of corporate insiders and wealthy heirs at the expense of other shareholders. George Strawbridge, Jr., a member of the Dorrance family who served on Campbell’s Board from 1990 to 2009, had similarly lost faith in the incumbent Board and filed a separate 13D alongside Third Point. Given material execution risk associated with various “go it alone” options under the incumbent Board, Third Point concluded at the time that combining with another packaged food company was the best path forward for the Company",
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      "text": "Note: Third Point and George Strawbridge, Jr. both filed Form 13D on 8.9.18. Source: Third Point LLC; CNBC",
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      "text": "While the strategic review was underway, Third Point filed a Form 13D to advocate on behalf of ALL shareholders",
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      "text": "SHAREHOLDER ENGAGEMENT",
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