{ "kind": "all", "value": "all", "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations", "filters": { "documentKinds": [], "sourceTypes": [], "orientations": [] }, "total": 319975, "page": 1866, "pageSize": 60, "pageCount": 5333, "rows": [ { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 13, "slideType": "executive_summary", "function": "establish_context", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/13", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-13", "loopMatches": [], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 14, "slideType": "timeline", "function": "summarize", "notes": "The slide highlights strategic focus by showing specific business unit sales and spin-offs.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/14", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-14", "loopMatches": [], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 15, "slideType": "comparison_table", "function": "compare_peers", "notes": "The slide uses a structured comparison matrix to highlight strategic focus areas.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/15", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-15", "loopMatches": [ { "to": 24, "from": 15, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "64aedfb4-0698-4b82-adfd-cc13a784df12", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 2, "objective": "To provide a detailed breakdown of ADP's strategy", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 16, "slideType": "kpi_overview", "function": "analyze_data", "notes": "Includes market size projections and specific market share/positioning metrics by service line.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/16", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-16", "loopMatches": [ { "to": 24, "from": 15, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "64aedfb4-0698-4b82-adfd-cc13a784df12", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 2, "objective": "To provide a detailed breakdown of ADP's strategy", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 17, "slideType": "competitive_analysis", "function": "compare_peers", "notes": "Includes a 2x2 matrix from NelsonHall 2017 and a stacked bar chart showing market growth.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/17", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-17", "loopMatches": [ { "to": 24, "from": 15, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "64aedfb4-0698-4b82-adfd-cc13a784df12", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 2, "objective": "To provide a detailed breakdown of ADP's strategy", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 18, "slideType": "competitive_analysis", "function": "compare_peers", "notes": "Includes a NelsonHall competitive matrix and growth projections for the HCM market.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/18", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-18", "loopMatches": [ { "to": 24, "from": 15, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "64aedfb4-0698-4b82-adfd-cc13a784df12", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 2, "objective": "To provide a detailed breakdown of ADP's strategy", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 19, "slideType": "key_messages", "function": "present_solution", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/19", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-19", "loopMatches": [ { "to": 24, "from": 15, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "64aedfb4-0698-4b82-adfd-cc13a784df12", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 2, "objective": "To provide a detailed breakdown of ADP's strategy", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 20, "slideType": "comparison_table", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/20", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-20", "loopMatches": [ { "to": 24, "from": 15, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "64aedfb4-0698-4b82-adfd-cc13a784df12", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 2, "objective": "To provide a detailed breakdown of ADP's strategy", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 21, "slideType": "key_messages", "function": "summarize", "notes": "The slide uses a stacked bar chart to show the composition of R&D spend and a list format to detail the benefits of specific technology initiatives.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/21", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-21", "loopMatches": [ { "to": 24, "from": 15, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "64aedfb4-0698-4b82-adfd-cc13a784df12", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 2, "objective": "To provide a detailed breakdown of ADP's strategy", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 22, "slideType": "key_takeaways", "function": "summarize", "notes": "The slide uses a three-column layout to categorize organizational changes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/22", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-22", "loopMatches": [ { "to": 24, "from": 15, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "64aedfb4-0698-4b82-adfd-cc13a784df12", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 2, "objective": "To provide a detailed breakdown of ADP's strategy", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 23, "slideType": "key_messages", "function": "summarize", "notes": "The slide uses a 4-column layout to showcase product milestones and market leadership metrics.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/23", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-23", "loopMatches": [ { "to": 24, "from": 15, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "64aedfb4-0698-4b82-adfd-cc13a784df12", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 2, "objective": "To provide a detailed breakdown of ADP's strategy", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 24, "slideType": "kpi_overview", "function": "analyze_data", "notes": "Shows shift in business model composition.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/24", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-24", "loopMatches": [ { "to": 24, "from": 15, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "64aedfb4-0698-4b82-adfd-cc13a784df12", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 2, "objective": "To provide a detailed breakdown of ADP's strategy", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.6, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 24, "from": 6, "beatId": "024b36b1-ddb6-4641-9815-215b8dc7005c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document presents various metrics and comparisons to demonstrate ADP's success, including margin expansion, return of cash to shareholders, and industry-leading technology trends.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 25, "slideType": "comparison_table", "function": "compare_peers", "notes": "The slide uses a central column to bridge the historical results of the Small Business transformation to the expected outcomes for the larger market segments.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/25", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-25", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 26, "slideType": "comparison_table", "function": "present_solution", "notes": "The slide uses a table structure to map strategic initiatives to past achievements and future goals.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/26", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-26", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 27, "slideType": "propose_solution", "function": "present_solution", "notes": "The slide uses a funnel-like visual structure to connect service model changes to business outcomes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/27", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-27", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 28, "slideType": "other", "function": "present_solution", "notes": "The chart is a waterfall-bridge diagram showing the reduction of US non-sales locations.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/28", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-28", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 29, "slideType": "kpi_overview", "function": "analyze_data", "notes": "The slide uses stacked bar charts to illustrate productivity improvements over a 6-year period.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/29", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-29", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 30, "slideType": "roadmap", "function": "plan_implementation", "notes": "The slide uses a chevron-like background to imply forward momentum.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/30", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-30", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 31, "slideType": "kpi_overview", "function": "analyze_data", "notes": "The slide uses stacked bar charts to show the composition of Field vs Inside sales roles.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/31", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-31", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 32, "slideType": "comparison_table", "function": "present_solution", "notes": "The slide uses a chevron-style layout to represent progress and forward-looking strategy.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/32", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-32", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 33, "slideType": "kpi_overview", "function": "analyze_data", "notes": "The chart illustrates a 'pay for performance' shift where 'Role Model' performers receive significantly higher compensation in FY17 compared to FY13.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/33", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-33", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 34, "slideType": "key_messages", "function": "establish_context", "notes": "Uses a central bridge graphic to connect market trends to company advantages.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/34", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-34", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 35, "slideType": "key_takeaways", "function": "summarize", "notes": "The chart shows a stacked bar comparison between FY17 actuals and FY20F projections, with CAGR annotations for each segment.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/35", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-35", "loopMatches": [], "arcBeatMatches": [ { "to": 35, "from": 25, "beatId": "36f17b50-be6a-4324-96e8-1419abd109f1", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The document discusses ADP's strategy and its expected impact, including revenue growth and margin expansion.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 36, "slideType": "valuation_reveal", "function": "show_valuation_bridge", "notes": "The chart shows the bridge from 20% margin in FY17 to 21-22% in FY20F, accounting for various operational levers and pass-through drags.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/36", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-36", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 37, "slideType": "valuation_table", "function": "analyze_data", "notes": "The slide highlights the transition from investment-heavy periods (FY18) to expected return-generating periods (FY19-20).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/37", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-37", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 38, "slideType": "agenda", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/38", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-38", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 39, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The table highlights ADP's alignment with shareholder-friendly governance standards.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/39", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-39", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 40, "slideType": "kpi_overview", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/40", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-40", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 41, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "Includes a legend for a star icon denoting experience with investors as a public company executive.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/41", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-41", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 42, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "The slide uses a matrix to map committee members against specific industry/functional expertise areas.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/42", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-42", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 43, "slideType": "appendix_disclosure", "function": "establish_context", "notes": "This slide serves as a governance disclosure to demonstrate responsiveness to shareholder feedback.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/43", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-43", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 44, "slideType": "kpi_overview", "function": "analyze_data", "notes": "Includes a dual-axis chart for CEO pay vs TSR and pie charts for pay-at-risk.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/44", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-44", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 45, "slideType": "villain_critique", "function": "name_villain", "notes": "The slide uses a side-by-side layout to frame the opposition as unqualified while highlighting the incumbent board's strengths.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/45", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-45", "loopMatches": [ { "to": 54, "from": 45, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9572bef0-76b4-4b7e-8e83-9040529367d2", "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 1, "objective": "To highlight the risks of Pershing Square's proposals", "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": [ { "to": 54, "from": 45, "beatId": "a4615663-1b03-4967-b7e7-7eaeb6a911a2", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Critique of Pershing Square", "beatSlug": null, "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 46, "slideType": "agenda", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/46", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-46", "loopMatches": [ { "to": 54, "from": 45, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9572bef0-76b4-4b7e-8e83-9040529367d2", "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 1, "objective": "To highlight the risks of Pershing Square's proposals", "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": [ { "to": 54, "from": 45, "beatId": "a4615663-1b03-4967-b7e7-7eaeb6a911a2", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Critique of Pershing Square", "beatSlug": null, "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 47, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a timeline-based table to highlight inconsistency in Pershing Square's demands (Board seats, CEO confidence, proxy extension).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/47", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-47", "loopMatches": [ { "to": 54, "from": 45, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9572bef0-76b4-4b7e-8e83-9040529367d2", "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 1, "objective": "To highlight the risks of Pershing Square's proposals", "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": [ { "to": 54, "from": 45, "beatId": "a4615663-1b03-4967-b7e7-7eaeb6a911a2", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Critique of Pershing Square", "beatSlug": null, "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 48, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a 'villain' framing to discredit Bill Ackman's claims regarding his firm's influence.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/48", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-48", "loopMatches": [ { "to": 54, "from": 45, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9572bef0-76b4-4b7e-8e83-9040529367d2", "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 1, "objective": "To highlight the risks of Pershing Square's proposals", "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": [ { "to": 54, "from": 45, "beatId": "a4615663-1b03-4967-b7e7-7eaeb6a911a2", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Critique of Pershing Square", "beatSlug": null, "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 49, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a 'Pershing Assertion' vs 'Fact' structure to systematically debunk activist claims.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/49", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-49", "loopMatches": [ { "to": 54, "from": 45, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9572bef0-76b4-4b7e-8e83-9040529367d2", "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 1, "objective": "To highlight the risks of Pershing Square's proposals", "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": [ { "to": 54, "from": 45, "beatId": "a4615663-1b03-4967-b7e7-7eaeb6a911a2", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Critique of Pershing Square", "beatSlug": null, "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 50, "slideType": "valuation_table", "function": "compare_peers", "notes": "The slide highlights specific adjusted margin metrics with red dashed boxes to draw attention to the comparison.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/50", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-50", "loopMatches": [ { "to": 54, "from": 45, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9572bef0-76b4-4b7e-8e83-9040529367d2", "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 1, "objective": "To highlight the risks of Pershing Square's proposals", "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": [ { "to": 54, "from": 45, "beatId": "a4615663-1b03-4967-b7e7-7eaeb6a911a2", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Critique of Pershing Square", "beatSlug": null, "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 51, "slideType": "villain_critique", "function": "name_villain", "notes": "The slide uses a 'villain critique' approach to undermine the credibility of the activist investor by highlighting a lack of domain expertise.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/51", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-51", "loopMatches": [ { "to": 54, "from": 45, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9572bef0-76b4-4b7e-8e83-9040529367d2", "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 1, "objective": "To highlight the risks of Pershing Square's proposals", "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": [ { "to": 54, "from": 45, "beatId": "a4615663-1b03-4967-b7e7-7eaeb6a911a2", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Critique of Pershing Square", "beatSlug": null, "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 52, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a comparison of fee structures to frame the subject's behavior as contradictory to shareholder interests.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/52", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-52", "loopMatches": [ { "to": 54, "from": 45, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9572bef0-76b4-4b7e-8e83-9040529367d2", "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 1, "objective": "To highlight the risks of Pershing Square's proposals", "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": [ { "to": 54, "from": 45, "beatId": "a4615663-1b03-4967-b7e7-7eaeb6a911a2", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Critique of Pershing Square", "beatSlug": null, "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 53, "slideType": "villain_critique", "function": "name_villain", "notes": "The slide uses a 'villain critique' framing to undermine the credibility of an activist investor by highlighting past failures.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/53", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-53", "loopMatches": [ { "to": 54, "from": 45, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9572bef0-76b4-4b7e-8e83-9040529367d2", "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 1, "objective": "To highlight the risks of Pershing Square's proposals", "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": [ { "to": 54, "from": 45, "beatId": "a4615663-1b03-4967-b7e7-7eaeb6a911a2", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Critique of Pershing Square", "beatSlug": null, "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 54, "slideType": "comparison_table", "function": "compare_peers", "notes": "The slide uses a bar chart to visually contrast the 29% return of Pershing Square against the 98% and 146% returns of the S&P 500 and ADP respectively.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/54", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-54", "loopMatches": [ { "to": 54, "from": 45, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "9572bef0-76b4-4b7e-8e83-9040529367d2", "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 1, "objective": "To highlight the risks of Pershing Square's proposals", "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": [ { "to": 54, "from": 45, "beatId": "a4615663-1b03-4967-b7e7-7eaeb6a911a2", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Critique of Pershing Square", "beatSlug": null, "evidence": "The document critiques Pershing Square's engagement with ADP and its nominees, highlighting their lack of relevant experience and misaligned incentives.", "position": 3, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 55, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide uses a 'ripped paper' aesthetic to present external analyst quotes as evidence against an activist investor's proposal.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/55", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-55", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 56, "slideType": "agenda", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/56", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-56", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 57, "slideType": "key_takeaways", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/57", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-57", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 58, "slideType": "appendix", "function": "appendix", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/58", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-58", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 59, "slideType": "appendix_disclosure", "function": "establish_context", "notes": "The slide provides a reconciliation-style explanation of non-GAAP metrics.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/59", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-59", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 60, "slideType": "appendix_disclosure", "function": "analyze_data", "notes": "Includes detailed footnotes explaining adjustments for Service Alignment Initiative and Workforce Optimization Effort.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/60", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-60", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 61, "slideType": "appendix_disclosure", "function": "analyze_data", "notes": "Includes footnotes explaining adjustments for Workforce Optimization Effort, Service Alignment Initiative, and client funds extended investment strategy.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/61", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-61", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 62, "slideType": "other", "function": "analyze_data", "notes": "The chart uses a dual-axis approach (price and volume) with annotations marking specific events.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/62", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-62", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 63, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The table includes two main sections: absolute TSR and relative TSR vs. comparables, with specific adjustments for 'unaffected' pricing.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/63", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-63", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 64, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The table compares ADP's performance against a peer group, including market cap weighting and relative performance metrics.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/64", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-64", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 65, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The table compares ADP's performance against a peer group of 14 companies, including market cap, beta, and TSR metrics over 'Since Carlos', 5-year, 3-year, and 1-year periods.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/65", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-65", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 66, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The table compares ADP's performance against Oracle, SAP, Ultimate Software, and Workday over various time horizons (Since Carlos, 5-year, 3-year, 1-year).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/66", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-66", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 67, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart uses red bars for positive net change (dilution) and green bars for negative net change (repurchase/reduction).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/67", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-67", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 68, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide directly refutes a specific claim by an activist investor (Pershing Square).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/68", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-68", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-7c9b047a6a58", "docSlug": "c4170261466f", "documentTitle": "Automatic Data Processing (ADP) (ADP)", "authorId": "06_Trian_Partners", "authorName": "ADP", "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 69, "slideType": "appendix_disclosure", "function": "cite_precedent", "notes": "The slide uses a matrix-like layout to map specific products to their respective accolades and analyst endorsements.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-7c9b047a6a58/69", "deckHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-7c9b047a6a58#slide-69", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "executive_summary", "function": "summarize", "notes": "This is a press release style summary slide.", "imagePath": "https://imgproxy.kitesheet.com/4h8bP_EAhYhuSq8Jaldzn_C9pU0ra2DC2MgnuUCFjdg/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xYmJiYzhhOWYwMTAvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/1", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/cwUGaedxtU38jWy2JHfstyvwOL0HAR_WyDpmp3Qm4bY/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xYmJiYzhhOWYwMTAvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/USVGuv652abQ3FS6LuC0XCkqCjxUUIxcwrjfoEdJJIA/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xYmJiYzhhOWYwMTAvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/_JYLOA0UyQlYA8talCq-3NBJp1AfnTcI8uYhc-CoWHU/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8xYmJiYzhhOWYwMTAvcDAwMS5wbmc" }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "key_messages", "function": "summarize", "notes": "The slide is text-heavy, structured as a series of bulleted arguments.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/2", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-2", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 5, "from": 2, "beatId": "02c21229-e904-4b66-a230-854917fc7ed8", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "Slides 2-5 highlight Solventum's underperformance and decline in performance since spinning out of 3M.", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-81a8a09bae5a", "docSlug": "1bbbc8a9f010", "documentTitle": "Solventum Corporation (SOLV)", "authorId": "06_Trian_Partners", "authorName": "Trian Fund Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-01-08 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "appendix_disclosure", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-81a8a09bae5a/3", "deckHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-81a8a09bae5a#slide-3", "loopMatches": [ { "to": 23, "from": 2, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "06cc74da-b5d0-4b02-be5e-0e77cc27e506", "evidence": "The deck emphasizes the need for change to restore Solventum's performance and unlock shareholder value.", "position": 0, "objective": "The cost of inaction is a decline in shareholder value.", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 5, "from": 2, "beatId": "02c21229-e904-4b66-a230-854917fc7ed8", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "Slides 2-5 highlight Solventum's underperformance and decline in performance since spinning out of 3M.", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true } ] }