Trian Partners Activist Presentation Deck
Trian Strategic Initiative: Address Insular Culture
▪ Trian believes P&G's decade-long record of underperformance relates in great
part to a culture that is insular - rejecting outsiders and new ways of thinking. In
our experience, there is a correlation between underperforming companies and
the unwillingness to embrace outside perspectives
- David Taylor told Nelson that "We cannot bring in outside people at too senior a
level or they will fail"(1)
According to P&G's website as of September 4, 2017, not a single GBU or SMO
leader appears to have any experience outside P&G
▪ Increase mix of external talent
Set goal for approximately 25 of top 100 executives to have significant outside
experience
▪ Ensure that future succession planning from the CEO, to the three proposed GBU
presidents, and down through the ranks, gives proper consideration to outside
candidates
(1) April 24, 2017 meeting.
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