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  "docSlug": "41c1c7e3c345c2432b58f19478122ec0",
  "documentTitle": "Trian Partners | Activist Presentation Deck | 42 slides",
  "authorId": "trian-partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2018-10-01 00:00:00",
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  "pageNumber": 21,
  "pageCount": 42,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 6,
  "notes": "The chart highlights PPG's performance relative to a peer median of 187%.",
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  "slideHref": "/slides/019de06f-be08-7198-94a5-5ede1399a50f/21",
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  "components": [
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        "h": 0.18,
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      "kind": "callout",
      "text": "PPG outperformed the peer median by 4,700 basis points and the S&P 500 by 13,700 basis points during Chuck Bunch's tenure as CEO",
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        "h": 0.6,
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      "kind": "chart",
      "text": "Bar chart showing TSR percentages for Sherwin-Williams, PPG, RPM, AkzoNobel, S&P 500, and Masco.",
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      "kind": "source-note",
      "text": "Source: Bloomberg. Note: Axalta excluded because it did not go public until 2014. (1) TSR measured from March 1, 2005-September 1, 2015",
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      "kind": "title",
      "text": "Total Shareholder Returns During Chuck Bunch's Tenure as CEO(1)",
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      "kind": "title",
      "text": "Bunch Delivered Strong TSR Under His Tenure",
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      "evidence": "Slides 16-28 agitate PPG's performance issues, highlighting the need for change and the potential benefits of Trian's recommendations.",
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      "name": "Cost Of Inaction",
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      "position": 0,
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
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