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  "documentTitle": "Trian Partners | Activist Presentation Deck | 42 slides",
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  "notes": "The slide uses a series of bar charts to demonstrate that spin-offs consistently outperform the broader market over longer periods.",
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      "kind": "callout",
      "text": "Spin-Offs Have Outperformed the S&P 500 Over Long Time Horizons",
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      "text": "Total Shareholder Return: S&P 500 vs. Bloomberg U.S. Spin-Off Index",
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      "text": "Separations Have Generated Outsized Shareholder Returns",
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