Pershing Square Activist Presentation Deck

High Caliber Talent Force P&G's people have historically been a source of significant competitive advantage ► Talented work force ■ Marketing and sales ■ R&D and supply chain ► Talent development program focused on building leaders ■ Ex-P&G'ers are running some of the largest consumer companies in the world Culture of "winning wherever it plays" ■ By reputation, "Proctoids" are trained to win and are feared by competitors 9

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