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  "documentTitle": "Trian Partners | Activist Presentation Deck | 42 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-10-01 00:00:00",
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  "pageNumber": 15,
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  "notes": "The slide uses Glassdoor data to highlight a negative trend in internal sentiment compared to industry peers.",
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      "kind": "chart",
      "text": "PPG's CEO Approval Trend (per Glassdoor) (2017-Today)",
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      "text": "Glassdoor CEO Approval Ratings",
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      "text": "According to Glassdoor, PPG's CEO approval rating currently stands at 61%, more than 20 percentage points lower than the peer average\nSince the beginning of 2017, PPG's CEO approval has dropped nearly 20 percentage points",
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      "text": "Source: Publicly available data from Glassdoor.com. Ratings as of October 11, 2018. Note: Axalta excluded due to recent CEO change. RPM International and Masco CEO's excluded due to statistically irrelevant sample sizes. (1) Average of approval ratings and number of ratings for Hugh Grant, Michael Lamach, Martin Richenhagen, Stephen Angel, and Gary Heminger.",
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      "kind": "title",
      "text": "With both investors and employees seemingly dissatisfied, PPG's leadership culture needs to be addressed",
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      "text": "Employees May Be Losing Confidence in Management",
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      "evidence": "Slides 4-15 present PPG's performance issues, including underperformance, missed targets, and flawed decision-making.",
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