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  "authorName": "Trian Partners",
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  "notes": "Includes a performance chart comparing TSR before and after Trian's involvement.",
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      "text": "Performance of Trian Portfolio Companies Where Nelson Peltz Served on the Board",
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      "text": "Select Current and Former Trian Investments",
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      "text": "Board Representation: We often seek board representation to ensure shareholders have a direct voice in the boardroom. Long-Term Horizon: When a Trian partner joins a board, our average investment holding period is 6 years. Constructive Engagement.",
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      "text": "We have a simple goal of ensuring that companies function with a strong “ownership mentality.” Trian encourages management teams and boards to operate as if wearing “bifocals,” with a watchful eye on the near-term, but always maintaining a primary focus on maximizing sustainable long-term value for all shareholders",
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      "text": "Founded in 2005, Trian Fund Management, L.P. (“Trian”) is a multi-billion dollar investment management firm that invests in high-quality companies with significant long-term potential; we work collaboratively with management and boards to optimize strategy, operations and value creation opportunities.",
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      "text": "Source: FactSet. Note: (1) MFS White Paper Series... (2) Represents the simple average of annualized TSR over- or under-performance versus the S&P 500...",
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      "text": "About Trian",
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