Trian Partners
believes the investment community would welcome a change of leadership we are concerned that the accounting errors were either a function of pressure from the top or a lack of oversight if that is the case and the audit committee does not do its job properly we end up with a company with weak leadership likely to continue with poor or overly optimistic if on the other hand there is more to come and we see a change in leadership at it could be a good thing depending on who fills the role it is no secret that deal broke down because of a dramatic clash of character between the chairman of and the of both sides blame each other with the right change at and with the chairman of now gone the deal which makes a lot of strategic sense for both may come back on the table the issue would be finding a credible successor for with coincident with a popular change in leadership might be very positive for but for now we remain negative graham | Trian Partners
Company
Deck Type
Sector
Industry
Deck date
October 2018
Slide
18 of 42
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