{ "kind": "all", "value": "all", "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations", "filters": { "documentKinds": [], "sourceTypes": [], "orientations": [] }, "total": 319975, "page": 1812, "pageSize": 60, "pageCount": 5333, "rows": [ { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": "https://imgproxy.kitesheet.com/qdAc-BWXvW87IKOVs_LYlOa2VelqHiaVqSjuE5Jg92E/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80ZjY5NDMzMjQyNjkvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/1", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/OqLjwLD6xDo8mM7V5uAUKCwFjCrCnnWFJjRFKALUmdg/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80ZjY5NDMzMjQyNjkvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/9PD9tYuVCPVHzupxi8mnLfO64gaJIUrSkXcM3YXRxvs/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80ZjY5NDMzMjQyNjkvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/IEmggdCF7_M7G1fe0aTBkAJF5ULE2m1SmXaYzuwo81U/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80ZjY5NDMzMjQyNjkvcDAwMS5wbmc" }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/2", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-2", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 3, "slideType": "executive_summary", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/3", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-3", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 4, "slideType": "other", "function": "establish_context", "notes": "The slide uses a value chain framework to highlight the 'Core Fortrea Business' within the clinical trial phases.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/4", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-4", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 5, "slideType": "comparison_table", "function": "diagnose_problem", "notes": "The slide uses a checkmark matrix to validate that CROs address specific industry pain points and that scale enhances this capability.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/5", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-5", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 6, "slideType": "competitive_analysis", "function": "compare_peers", "notes": "Includes annotations regarding acquisition status (TMO, PE Consortium) and ownership (Private) for specific firms.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/6", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-6", "loopMatches": [ { "to": 8, "from": 6, "name": "David Goliath", "slug": "16-david-goliath", "bestFor": "Startups, disruptive innovation, competitive displacement", "matchId": "098d26b2-0121-4dee-b9fd-b52d9bf436a0", "evidence": "The presentation compares Fortrea to its peers, highlighting its potential for growth", "position": 1, "objective": "Is Fortrea an attractive investment opportunity compared to peers?", "structure": "The Giant's Weakness -> Our Slingshot (Unique Edge) -> The Topple", "confidence": 0.6, "description": "Frame your initiative as the nimble underdog taking on a slow, bloated incumbent" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 7, "slideType": "thesis_headline", "function": "size_opportunity", "notes": "The slide uses a dual-chart approach to justify a thesis on industry growth.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/7", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-7", "loopMatches": [ { "to": 8, "from": 6, "name": "David Goliath", "slug": "16-david-goliath", "bestFor": "Startups, disruptive innovation, competitive displacement", "matchId": "098d26b2-0121-4dee-b9fd-b52d9bf436a0", "evidence": "The presentation compares Fortrea to its peers, highlighting its potential for growth", "position": 1, "objective": "Is Fortrea an attractive investment opportunity compared to peers?", "structure": "The Giant's Weakness -> Our Slingshot (Unique Edge) -> The Topple", "confidence": 0.6, "description": "Frame your initiative as the nimble underdog taking on a slow, bloated incumbent" } ], "arcBeatMatches": [ { "to": 10, "from": 7, "beatId": "fd2c9713-9b56-4b21-8668-2145c1e84520", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The presentation identifies the problem of Fortrea's low margins compared to peers", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 8, "slideType": "thesis_headline", "function": "establish_context", "notes": "The slide uses a map to visualize global reach and highlights key operational statistics.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/8", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-8", "loopMatches": [ { "to": 8, "from": 6, "name": "David Goliath", "slug": "16-david-goliath", "bestFor": "Startups, disruptive innovation, competitive displacement", "matchId": "098d26b2-0121-4dee-b9fd-b52d9bf436a0", "evidence": "The presentation compares Fortrea to its peers, highlighting its potential for growth", "position": 1, "objective": "Is Fortrea an attractive investment opportunity compared to peers?", "structure": "The Giant's Weakness -> Our Slingshot (Unique Edge) -> The Topple", "confidence": 0.6, "description": "Frame your initiative as the nimble underdog taking on a slow, bloated incumbent" } ], "arcBeatMatches": [ { "to": 10, "from": 7, "beatId": "fd2c9713-9b56-4b21-8668-2145c1e84520", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The presentation identifies the problem of Fortrea's low margins compared to peers", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 9, "slideType": "timeline", "function": "establish_context", "notes": "The slide uses a process flow to illustrate a corporate spin-out.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/9", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-9", "loopMatches": [], "arcBeatMatches": [ { "to": 10, "from": 7, "beatId": "fd2c9713-9b56-4b21-8668-2145c1e84520", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The presentation identifies the problem of Fortrea's low margins compared to peers", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 10, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart uses a red color for Fortrea to emphasize the negative performance gap.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/10", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-10", "loopMatches": [], "arcBeatMatches": [ { "to": 10, "from": 7, "beatId": "fd2c9713-9b56-4b21-8668-2145c1e84520", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The presentation identifies the problem of Fortrea's low margins compared to peers", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 11, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart uses a dashed line to indicate the peer median of 18%.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/11", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-11", "loopMatches": [], "arcBeatMatches": [ { "to": 12, "from": 11, "beatId": "5b103186-bb2b-4fb8-8f47-c67bb219665b", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The presentation highlights Fortrea's margin lag compared to peers when adjusted for scale", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 12, "slideType": "ceo_quote", "function": "present_solution", "notes": "The slide uses a waterfall-style bridge to show margin improvement and a gap to peers.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/12", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-12", "loopMatches": [], "arcBeatMatches": [ { "to": 12, "from": 11, "beatId": "5b103186-bb2b-4fb8-8f47-c67bb219665b", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The presentation highlights Fortrea's margin lag compared to peers when adjusted for scale", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 13, "slideType": "before_after", "function": "illustrate_case", "notes": "The slide uses a 'before-after' framing to argue for the CEO's competence in improving profitability.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/13", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-13", "loopMatches": [], "arcBeatMatches": [ { "to": 14, "from": 13, "beatId": "4523d011-2fb0-4a34-84a6-4036c922f93d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The presentation presents a solution, with Tom Pike's track record of improving CRO profitability", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 14, "slideType": "before_after", "function": "illustrate_case", "notes": "The slide uses historical performance of a CEO at a previous company to argue for his future performance at a new company.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/14", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-14", "loopMatches": [], "arcBeatMatches": [ { "to": 14, "from": 13, "beatId": "4523d011-2fb0-4a34-84a6-4036c922f93d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The presentation presents a solution, with Tom Pike's track record of improving CRO profitability", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 15, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "The chart uses a bridge-like logic to show how Fortrea's valuation multiple would compress if it achieved peer-level margins, implying it is currently undervalued.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/15", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-15", "loopMatches": [ { "to": 17, "from": 15, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "fa9109ae-eb5b-440c-8128-1facc3a333ac", "evidence": "The presentation highlights Fortrea's attractive valuation and potential for share price upside", "position": 0, "objective": "What is the cost of not investing in Fortrea?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.7, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 16, "slideType": "precedent_table", "function": "cite_precedent", "notes": "The chart compares historical transaction multiples to argue for a higher valuation for Fortrea.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/16", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-16", "loopMatches": [ { "to": 17, "from": 15, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "fa9109ae-eb5b-440c-8128-1facc3a333ac", "evidence": "The presentation highlights Fortrea's attractive valuation and potential for share price upside", "position": 0, "objective": "What is the cost of not investing in Fortrea?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.7, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 17, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "The slide uses a comparison table to show how closing the margin gap to peer levels could increase the implied share price from $47 to $72.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/17", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-17", "loopMatches": [ { "to": 17, "from": 15, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "fa9109ae-eb5b-440c-8128-1facc3a333ac", "evidence": "The presentation highlights Fortrea's attractive valuation and potential for share price upside", "position": 0, "objective": "What is the cost of not investing in Fortrea?", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.7, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-26ba587fbcb8", "docSlug": "4f6943324269", "documentTitle": "Fortrea Holdings Inc. (FTRE)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 18, "slideType": "filler", "function": "filler", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-26ba587fbcb8/18", "deckHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-26ba587fbcb8#slide-18", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 155, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a quote from CFO Dylan Smith to highlight the contradiction between pricing trends and margin performance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/155", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-155", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 156, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a CEO/CFO quote to establish the expectation that was not met.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/156", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-156", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 157, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a timeline-style table to highlight the gap between management's repeated promises of margin improvement and the actual outcomes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/157", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-157", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 158, "slideType": "before_after", "function": "size_opportunity", "notes": "The chart uses a waterfall-style bridge to show the delta between historical performance and current reality.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/158", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-158", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 159, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/159", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-159", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 160, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a callout box to emphasize the cumulative R&D spend, contrasting it with the implied lack of growth.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/160", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-160", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 161, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a 'before-after' comparison of investor presentation slides to highlight product abandonment.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/161", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-161", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 162, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a CEO quote to frame the contradiction between initial product strategy and subsequent need for acquisition.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/162", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-162", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 163, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a side-by-side comparison to highlight the reliance on external acquisitions for product development.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/163", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-163", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 164, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a 'PF FY2021' (Pro Forma) column to include Feb 2021 acquisitions in the R&D expense calculation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/164", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-164", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 165, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/165", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-165", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 166, "slideType": "key_messages", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/166", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-166", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 167, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "Includes headshots and company logos for Deborah S. Conrad, Peter A. Feld, and Xavier D. Williams.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/167", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-167", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 168, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "The slide uses a checkmark matrix to demonstrate the breadth of experience of the proposed board candidates.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/168", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-168", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 169, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "Includes a headshot and a grid of company logos associated with the nominee's board experience.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/169", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-169", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 170, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/170", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-170", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 171, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "Includes headshot and company logos.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/171", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-171", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 172, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/172", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-172", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 173, "slideType": "executive_summary", "function": "frame_problem", "notes": "This slide serves as a narrative bridge between past performance issues and the proposed solution of board refreshment.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/173", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-173", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 174, "slideType": "closing_ask", "function": "closing_ask", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/174", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-174", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 175, "slideType": "appendix", "function": "appendix", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/175", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-175", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 176, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/176", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-176", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 177, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "The slide highlights the board composition post-settlement to validate the success of the activist intervention.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/177", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-177", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 178, "slideType": "before_after", "function": "diagnose_problem", "notes": "Uses a combination of a process diagram for the transaction and bar charts for performance metrics.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/178", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-178", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 179, "slideType": "before_after", "function": "illustrate_case", "notes": "Uses a before-after framing to attribute value creation to board changes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/179", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-179", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 180, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/180", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-180", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 181, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "The slide uses a grid of headshots to establish credibility of the board members.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/181", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-181", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 182, "slideType": "before_after", "function": "expose_gap", "notes": "Uses a classic 'Before vs After' framing to attribute performance improvement to board changes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/182", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-182", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 183, "slideType": "before_after", "function": "illustrate_case", "notes": "Uses a before-after framing to attribute value creation to board changes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/183", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-183", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-20e710622d80", "docSlug": "0ffe179c4c4e", "documentTitle": "Box, Inc. (BOX)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2021-08-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 184, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/184", "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-184", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": "https://imgproxy.kitesheet.com/I0-xD5sHJcJrC9g4PZWxPRPqwrLigDFPAjr60y9NroM/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iMjg5ODE0NGY5OTYvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/1", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/t0KkGBxLPFUhA3tZuTkhopm4QnUWpMuYLiTJrtogd_o/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iMjg5ODE0NGY5OTYvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/F0Z-6C8j3FYTEqSH-Fevj8ubs_Kr0Shr1CiWrPA_t0E/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iMjg5ODE0NGY5OTYvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/CCTdrldiVSvGyZdGzf2ofN6bLcT5vDJNhTz8K0_zRpY/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9iMjg5ODE0NGY5OTYvcDAwMS5wbmc" }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 2, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/2", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-2", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 3, "slideType": "before_after", "function": "illustrate_case", "notes": "The slide highlights outperformance of specific investment ideas presented at a previous conference.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/3", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-3", "loopMatches": [ { "to": 51, "from": 3, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "824c4208-889f-48bf-9ad5-bbaa9f13ff3c", "evidence": "The document presents a clear before-and-after analysis for companies like Wix, Salesforce, and Splunk", "position": 0, "objective": "To show how companies can improve their valuation multiples through operational improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.8, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 4, "slideType": "comparison_table", "function": "analyze_data", "notes": "The chart uses IGV (iShares Expanded Tech-Software Sector) as the benchmark for software industry growth cohorts.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/4", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-4", "loopMatches": [ { "to": 51, "from": 3, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "824c4208-889f-48bf-9ad5-bbaa9f13ff3c", "evidence": "The document presents a clear before-and-after analysis for companies like Wix, Salesforce, and Splunk", "position": 0, "objective": "To show how companies can improve their valuation multiples through operational improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.8, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 5, "from": 4, "beatId": "34678b8e-d274-48a4-a97a-c9e18747c4bd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document highlights the contracting valuation premium and its impact on high-growth technology companies", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 5, "slideType": "comparison_table", "function": "analyze_data", "notes": "The chart highlights a clear inflection point around late 2021 where high-growth valuations converged significantly with mid and low-growth cohorts.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/5", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-5", "loopMatches": [ { "to": 51, "from": 3, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "824c4208-889f-48bf-9ad5-bbaa9f13ff3c", "evidence": "The document presents a clear before-and-after analysis for companies like Wix, Salesforce, and Splunk", "position": 0, "objective": "To show how companies can improve their valuation multiples through operational improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.8, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 5, "from": 4, "beatId": "34678b8e-d274-48a4-a97a-c9e18747c4bd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document highlights the contracting valuation premium and its impact on high-growth technology companies", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 6, "slideType": "thesis_headline", "function": "summarize", "notes": "The slide uses a simple additive logic flow leading to a conclusion.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/6", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-6", "loopMatches": [ { "to": 51, "from": 3, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "824c4208-889f-48bf-9ad5-bbaa9f13ff3c", "evidence": "The document presents a clear before-and-after analysis for companies like Wix, Salesforce, and Splunk", "position": 0, "objective": "To show how companies can improve their valuation multiples through operational improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.8, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 7, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/7", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-7", "loopMatches": [ { "to": 51, "from": 3, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "824c4208-889f-48bf-9ad5-bbaa9f13ff3c", "evidence": "The document presents a clear before-and-after analysis for companies like Wix, Salesforce, and Splunk", "position": 0, "objective": "To show how companies can improve their valuation multiples through operational improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.8, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 8, "slideType": "executive_summary", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/8", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-8", "loopMatches": [ { "to": 51, "from": 3, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "824c4208-889f-48bf-9ad5-bbaa9f13ff3c", "evidence": "The document presents a clear before-and-after analysis for companies like Wix, Salesforce, and Splunk", "position": 0, "objective": "To show how companies can improve their valuation multiples through operational improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.8, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 9, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "The chart uses a red line for the stock price and a blue arrow to indicate the percentage drop.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/9", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-9", "loopMatches": [ { "to": 51, "from": 3, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "824c4208-889f-48bf-9ad5-bbaa9f13ff3c", "evidence": "The document presents a clear before-and-after analysis for companies like Wix, Salesforce, and Splunk", "position": 0, "objective": "To show how companies can improve their valuation multiples through operational improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.8, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 12, "from": 9, "beatId": "a9953e05-8fbd-4db6-bb65-5d88c1bea506", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document agitates the problem by highlighting companies with strong growth but poor operational performance", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 10, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart uses a red bar for Wix to emphasize the outlier status compared to the blue peer bars.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/10", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-10", "loopMatches": [ { "to": 51, "from": 3, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "824c4208-889f-48bf-9ad5-bbaa9f13ff3c", "evidence": "The document presents a clear before-and-after analysis for companies like Wix, Salesforce, and Splunk", "position": 0, "objective": "To show how companies can improve their valuation multiples through operational improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.8, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 12, "from": 9, "beatId": "a9953e05-8fbd-4db6-bb65-5d88c1bea506", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document agitates the problem by highlighting companies with strong growth but poor operational performance", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 11, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart uses the 'Rule of 40' metric (Growth + FCF Margin).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/11", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-11", "loopMatches": [ { "to": 51, "from": 3, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "824c4208-889f-48bf-9ad5-bbaa9f13ff3c", "evidence": "The document presents a clear before-and-after analysis for companies like Wix, Salesforce, and Splunk", "position": 0, "objective": "To show how companies can improve their valuation multiples through operational improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.8, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 12, "from": 9, "beatId": "a9953e05-8fbd-4db6-bb65-5d88c1bea506", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document agitates the problem by highlighting companies with strong growth but poor operational performance", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6da-2986bb2f67e2", "docSlug": "b2898144f996", "documentTitle": "Multiple (Wix, Salesforce, Splunk, Vertiv) (WIX / CRM / SPLK / VRT)", "authorId": "03_Starboard_Value", "authorName": "Starboard Value", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2022-10-19 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 12, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "Includes a negative margin bar for Wix and a median line for the peer group.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6da-2986bb2f67e2/12", "deckHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-2986bb2f67e2#slide-12", "loopMatches": [ { "to": 51, "from": 3, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "824c4208-889f-48bf-9ad5-bbaa9f13ff3c", "evidence": "The document presents a clear before-and-after analysis for companies like Wix, Salesforce, and Splunk", "position": 0, "objective": "To show how companies can improve their valuation multiples through operational improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.8, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 12, "from": 9, "beatId": "a9953e05-8fbd-4db6-bb65-5d88c1bea506", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document agitates the problem by highlighting companies with strong growth but poor operational performance", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true } ] }