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04
Uses strong, emotive language ('insulting', 'vastly inferior', 'over-levered') to frame the narrative.Icahn Enterprises | Activist Presentation Deck | 20 slides · Icahn Capital
Activist deck Activist investor 1 hit
05
Uses strong, emotive language ('magical accounting', 'hoodwinking', 'pernicious governance') typical of activist investor decks.Icahn Enterprises | Activist Presentation Deck | 20 slides · Icahn Capital
Activist deck Activist investor 1 hit
06
The slide uses a red dashed box to highlight the $89.89 valuation.Icahn Enterprises | Activist Presentation Deck | 20 slides · Icahn Capital
Activist deck Activist investor 1 hit
07
The slide uses a strong call-to-action box at the bottom to summarize the activist's stance.Icahn Enterprises | Activist Presentation Deck | 20 slides · Icahn Capital
Activist deck Activist investor 1 hit
08
The chart highlights key corporate events and their impact on the tracking stock discount.Icahn Enterprises | Activist Presentation Deck | 20 slides · Icahn Capital
Activist deck Activist investor 1 hit
09
The slide uses a timeline to frame a narrative of corporate malfeasance and value transfer.Icahn Enterprises | Activist Presentation Deck | 20 slides · Icahn Capital
Activist deck Activist investor 1 hit
10
The slide uses a hub-and-spoke diagram to illustrate the complex ownership structure of Dell Technologies and its tracking stock.Icahn Enterprises | Activist Presentation Deck | 20 slides · Icahn Capital
Activist deck Activist investor 1 hit
11
Uses a line chart with shaded area to visualize the widening valuation gap over time.Icahn Enterprises | Activist Presentation Deck | 20 slides · Icahn Capital
Activist deck Activist investor 1 hit
13
Uses a Statista chart to show PC market decline and a custom table to calculate the implied share price vs management's claim.Icahn Enterprises | Activist Presentation Deck | 20 slides · Icahn Capital
Activist deck Activist investor 1 hit
11
Uses a comparison of consensus vs revised guidance to demonstrate a pattern of poor performance.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Problem (Identify pain)Loop · Cost Of Inaction1 hit
12
The table demonstrates the gap between original reported EPS and restated EPS, showing how 'beats' turned into 'misses' after accounting corrections.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Problem (Identify pain)Loop · Cost Of Inaction1 hit
13
Uses a third-party analyst quote to validate the activist's critique of management.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Problem (Identify pain)Loop · Cost Of Inaction1 hit
14
The chart uses annotations to link specific takeover events to stock price movements.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Problem (Identify pain)Loop · Cost Of Inaction1 hit
18
The slide uses a torn-paper visual effect to frame the quote.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
20
The chart shows a shift from a diversified portfolio to a pure-play coatings business.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
21
The chart highlights PPG's performance relative to a peer median of 187%.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
22
The chart uses a red bar for PPG to emphasize its outlier status compared to the blue bars of its peers.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
24
The slide uses a 'breakup-spinoff' logic to justify the activist strategy.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
25
The chart shows PPG consistently underperforming peers, often with negative growth.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
27
The chart shows a clear shift in market share from DIY/Remodeler to Paint Contractor over the period 1980-2017.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
28
The slide uses a bar chart to highlight a plateau in store growth and a callout to highlight the cessation of reporting.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
29
The slide highlights a strategic gap between PPG and its primary competitor, Sherwin-Williams.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Cost Of Inaction1 hit
31
The chart uses a red bar for PPG to emphasize its position relative to the 'High Quality' and 'Low Quality' peer groups.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Cost Of Inaction1 hit
32
The slide uses a red arrow graphic to visually bridge the segment valuations to the final value unlock claim.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Cost Of Inaction1 hit
35
The slide uses a table to quantify potential cost synergies, supporting the argument for corporate separation.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Solution (Provide relief)Loop · Before After1 hit
37
The slide uses a before-after framing to attribute stock performance to specific operational changes and management interventions.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Solution (Provide relief)1 hit
38
The slide highlights a specific failure of a 2018 shareholder proposal due to turnout issues.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Solution (Provide relief)1 hit
39
Uses red X marks to visually emphasize the failure to meet targets.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Solution (Provide relief)1 hit
41
The slide uses a series of bar charts to demonstrate margin improvement post-separation.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Solution (Provide relief)1 hit
42
The slide uses a series of bar charts to demonstrate that spin-offs consistently outperform the broader market over longer periods.Trian Partners | Activist Presentation Deck | 42 slides · Trian Partners
Activist deck Activist investor Beat · Solution (Provide relief)1 hit