{ "kind": "all", "value": "all", "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations", "filters": { "documentKinds": [], "sourceTypes": [], "orientations": [] }, "total": 319975, "page": 1882, "pageSize": 60, "pageCount": 5333, "rows": [ { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": "https://imgproxy.kitesheet.com/IJex8d5O-_eofJh0aPpVoZnq69lluLNve8bJ7oQUP64/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yOGM0YmNiZDUwYzgvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/1", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-1", "loopMatches": [], "arcBeatMatches": [ { "to": 5, "from": 1, "beatId": "b3ff6dc9-f774-4fc7-904e-80b905c8d04e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The executive summary and business overview highlight the current challenges and underperformance.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": "https://imgproxy.kitesheet.com/FmKe97Fw7w_PNQYNQfgCm5B23cga8PUjQBrSm4km_6g/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yOGM0YmNiZDUwYzgvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/igqUjHp1fO8HZ1TGB3A_2HvU_EFlw_-2jio_GBI9Z-8/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yOGM0YmNiZDUwYzgvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/sJg5Oxod-QPOYeoCTFlWmFx8Q3KJESJUrxKGiMx-B3o/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy8yOGM0YmNiZDUwYzgvcDAwMS5wbmc" }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 2, "slideType": "appendix_disclosure", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/2", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-2", "loopMatches": [], "arcBeatMatches": [ { "to": 5, "from": 1, "beatId": "b3ff6dc9-f774-4fc7-904e-80b905c8d04e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The executive summary and business overview highlight the current challenges and underperformance.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 3, "slideType": "executive_summary", "function": "summarize", "notes": "The slide outlines a classic activist 'breakup' thesis involving segment separation, real estate monetization, and capital return.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/3", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-3", "loopMatches": [], "arcBeatMatches": [ { "to": 5, "from": 1, "beatId": "b3ff6dc9-f774-4fc7-904e-80b905c8d04e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The executive summary and business overview highlight the current challenges and underperformance.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 4, "slideType": "executive_summary", "function": "summarize", "notes": "The slide outlines a specific financial thesis involving a $1.08B proceeds target and a projected stock price range of $73-$84.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/4", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-4", "loopMatches": [], "arcBeatMatches": [ { "to": 5, "from": 1, "beatId": "b3ff6dc9-f774-4fc7-904e-80b905c8d04e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The executive summary and business overview highlight the current challenges and underperformance.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 5, "slideType": "executive_summary", "function": "establish_context", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/5", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-5", "loopMatches": [], "arcBeatMatches": [ { "to": 5, "from": 1, "beatId": "b3ff6dc9-f774-4fc7-904e-80b905c8d04e", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The executive summary and business overview highlight the current challenges and underperformance.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 6, "slideType": "geographic_map", "function": "establish_context", "notes": "The map highlights the concentration of restaurants in the Midwest and Eastern US.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/6", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-6", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 7, "slideType": "other", "function": "analyze_data", "notes": "The slide highlights the aggressive increase in capital expenditures associated with the restaurant remodeling initiative.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/7", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-7", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 8, "slideType": "propose_solution", "function": "propose_solution", "notes": "Includes a bar chart showing the progression of restaurant remodels from FY11 to FY14E.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/8", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-8", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 9, "slideType": "segmentation", "function": "decompose_segments", "notes": "The slide uses two pie charts to illustrate the shift in product sales mix over a four-year period.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/9", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-9", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 10, "slideType": "before_after", "function": "analyze_data", "notes": "Includes a 'No Mitigation' data point for FY12 to contrast with adjusted performance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/10", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-10", "loopMatches": [ { "to": 10, "from": 10, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "f8b447cb-079c-4a28-8425-920c641d3792", "evidence": "The before-after loop is used to illustrate the potential benefits of the proposed strategy.", "position": 0, "objective": "To show the potential for improvement", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 11, "slideType": "valuation_table", "function": "quantify_opportunity", "notes": "The slide uses a standard EV bridge calculation to derive the valuation multiple.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/11", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-11", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 12, "slideType": "valuation_table", "function": "compare_peers", "notes": "The slide presents two distinct peer groups: Family-Dining Restaurants and Packaged Food Companies.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/12", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-12", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 13, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart is a Bloomberg terminal export showing normalized stock price performance from 2010 to 2013.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/13", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-13", "loopMatches": [], "arcBeatMatches": [ { "to": 15, "from": 13, "beatId": "0fe183b7-f48f-481f-bd6b-ee4e882f6d80", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The 3-year and 5-year under-performance and CEO reward for under-performance emphasize the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 14, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart is a Bloomberg terminal export showing normalized stock price performance from 2008 to 2013.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/14", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-14", "loopMatches": [], "arcBeatMatches": [ { "to": 15, "from": 13, "beatId": "0fe183b7-f48f-481f-bd6b-ee4e882f6d80", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The 3-year and 5-year under-performance and CEO reward for under-performance emphasize the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 15, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a table to highlight negative comp store sales as evidence of poor management.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/15", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-15", "loopMatches": [ { "to": 15, "from": 15, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "aa07d834-4e7b-4407-9807-c2adb060ed45", "evidence": "The CEO reward for under-performance implies a cost of inaction.", "position": 1, "objective": "To highlight the cost of not taking action", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 15, "from": 13, "beatId": "0fe183b7-f48f-481f-bd6b-ee4e882f6d80", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The 3-year and 5-year under-performance and CEO reward for under-performance emphasize the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 16, "slideType": "propose_solution", "function": "propose_solution", "notes": "Includes a specific quote from Hillshire Brands CFO to support the M&A thesis.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/16", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-16", "loopMatches": [], "arcBeatMatches": [ { "to": 20, "from": 16, "beatId": "3f771d7b-69d3-4ead-9833-ee2a1b9a6d49", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The proposed steps to separate BEF Foods, extract value from real estate, and repurchase shares via a self-tender offer are presented as solutions.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 17, "slideType": "propose_solution", "function": "propose_solution", "notes": "Part of an activist investor presentation by Sandell Asset Management.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/17", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-17", "loopMatches": [], "arcBeatMatches": [ { "to": 20, "from": 16, "beatId": "3f771d7b-69d3-4ead-9833-ee2a1b9a6d49", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The proposed steps to separate BEF Foods, extract value from real estate, and repurchase shares via a self-tender offer are presented as solutions.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 18, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide uses external citations (Ruby Tuesday, CL King, Stephens Inc., 10-K) to validate the $722.9M valuation estimate.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/18", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-18", "loopMatches": [], "arcBeatMatches": [ { "to": 20, "from": 16, "beatId": "3f771d7b-69d3-4ead-9833-ee2a1b9a6d49", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The proposed steps to separate BEF Foods, extract value from real estate, and repurchase shares via a self-tender offer are presented as solutions.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 19, "slideType": "propose_solution", "function": "propose_solution", "notes": "Part of a multi-step activist proposal for Bob Evans Farms.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/19", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-19", "loopMatches": [], "arcBeatMatches": [ { "to": 20, "from": 16, "beatId": "3f771d7b-69d3-4ead-9833-ee2a1b9a6d49", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The proposed steps to separate BEF Foods, extract value from real estate, and repurchase shares via a self-tender offer are presented as solutions.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 20, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "The slide calculates equity value by adjusting EBITDA for rent, adding cash/proceeds, and subtracting debt, then dividing by pro-forma shares.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/20", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-20", "loopMatches": [], "arcBeatMatches": [ { "to": 20, "from": 16, "beatId": "3f771d7b-69d3-4ead-9833-ee2a1b9a6d49", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The proposed steps to separate BEF Foods, extract value from real estate, and repurchase shares via a self-tender offer are presented as solutions.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-ddf896d07230", "docSlug": "28c4bcbd50c8", "documentTitle": "Bob Evans Farms, Inc. (BOBE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-09-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 21, "slideType": "precedent_table", "function": "cite_precedent", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-ddf896d07230/21", "deckHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-ddf896d07230#slide-21", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": "Features a landscape photograph of a stone circle (likely Castlerigg Stone Circle in the Lake District, UK, referencing the firm's name).", "imagePath": "https://imgproxy.kitesheet.com/a64PVsdzoyTKFFWX1vbh3VJiYD05CRMYjpUCI6HboE0/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9lOWJjMDYyNjFmNDgvcDAwMS5qcGc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/1", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/M7rp273W_llI7hJZEPtnF_mT73wEffciwcMobaiX4yc/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9lOWJjMDYyNjFmNDgvcDAwMS5wbmc", "thumbSrc": "https://imgproxy.kitesheet.com/6IyIiYEHs5HtMmET_Xun5boW9YSDqvAk6wTJPggNRrA/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9lOWJjMDYyNjFmNDgvcDAwMS5qcGc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/0vrpOBYxxu3xB9hsUA73dVmSpdqLqEdKjTHJqbBW6Jg/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9lOWJjMDYyNjFmNDgvcDAwMS5wbmc" }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 2, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/2", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-2", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 3, "slideType": "appendix", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/3", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-3", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 4, "slideType": "other", "function": "establish_context", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/4", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-4", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 5, "slideType": "table_of_contents", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/5", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-5", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 6, "slideType": "executive_summary", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/6", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-6", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 7, "slideType": "executive_summary", "function": "summarize", "notes": "The slide outlines a three-step restructuring plan (spin-off, divestiture, balance sheet strengthening) and categorizes the expected benefits.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/7", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-7", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 8, "slideType": "executive_summary", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/8", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-8", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 9, "slideType": "key_messages", "function": "frame_problem", "notes": "The slide uses a list format to challenge the Board's decision-making and strategic direction.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/9", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-9", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 10, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/10", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-10", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 11, "slideType": "peer_gap", "function": "expose_gap", "notes": "The slide uses a visual 'gap' analysis between a rising peer index and a falling company stock price.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/11", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-11", "loopMatches": [ { "to": 17, "from": 11, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "a83203fd-3014-49a9-b56a-32a411606e49", "evidence": "The presentation builds a clear logic chain for the problem", "position": 0, "objective": "Understand the problem", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.8, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 17, "from": 11, "beatId": "9ff54977-dfcc-4979-9c2f-440dd8607c0b", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The presentation highlights the company's complex business structure and value destruction", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 12, "slideType": "propose_solution", "function": "propose_solution", "notes": "The slide outlines a classic activist investor 'breakup' strategy.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/12", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-12", "loopMatches": [ { "to": 17, "from": 11, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "a83203fd-3014-49a9-b56a-32a411606e49", "evidence": "The presentation builds a clear logic chain for the problem", "position": 0, "objective": "Understand the problem", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.8, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 17, "from": 11, "beatId": "9ff54977-dfcc-4979-9c2f-440dd8607c0b", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The presentation highlights the company's complex business structure and value destruction", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 13, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "The slide uses a table-like layout to illustrate the operational scale of five distinct business units.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/13", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-13", "loopMatches": [ { "to": 17, "from": 11, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "a83203fd-3014-49a9-b56a-32a411606e49", "evidence": "The presentation builds a clear logic chain for the problem", "position": 0, "objective": "Understand the problem", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.8, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 17, "from": 11, "beatId": "9ff54977-dfcc-4979-9c2f-440dd8607c0b", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The presentation highlights the company's complex business structure and value destruction", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 14, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide uses dual-axis charts (bar for revenue, line for EBITDA margin) to compare two peers over time.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/14", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-14", "loopMatches": [ { "to": 17, "from": 11, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "a83203fd-3014-49a9-b56a-32a411606e49", "evidence": "The presentation builds a clear logic chain for the problem", "position": 0, "objective": "Understand the problem", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.8, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 17, "from": 11, "beatId": "9ff54977-dfcc-4979-9c2f-440dd8607c0b", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The presentation highlights the company's complex business structure and value destruction", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 15, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a before-and-after comparison of financial performance to argue for structural change.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/15", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-15", "loopMatches": [ { "to": 17, "from": 11, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "a83203fd-3014-49a9-b56a-32a411606e49", "evidence": "The presentation builds a clear logic chain for the problem", "position": 0, "objective": "Understand the problem", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.8, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 17, "from": 11, "beatId": "9ff54977-dfcc-4979-9c2f-440dd8607c0b", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The presentation highlights the company's complex business structure and value destruction", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e6b6bb0421c6", "docSlug": "e9bc06261f48", "documentTitle": "FirstGroup plc (FGP)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-01-15 00:00:00", "orientation": "landscape", "aspectRatio": 1.4145161, "pageNumber": 16, "slideType": "before_after", "function": "diagnose_problem", "notes": "Uses a dual-period bar-line chart to illustrate performance decline.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e6b6bb0421c6/16", "deckHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e6b6bb0421c6#slide-16", "loopMatches": [ { "to": 17, "from": 11, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "a83203fd-3014-49a9-b56a-32a411606e49", "evidence": "The presentation builds a clear logic chain for the problem", "position": 0, "objective": "Understand the problem", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.8, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 17, "from": 11, "beatId": "9ff54977-dfcc-4979-9c2f-440dd8607c0b", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The presentation highlights the company's complex business structure and value destruction", "position": 0, "confidence": 0.9, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-d8bdfd864eab", "docSlug": "42942301f902", "documentTitle": "Spectra Energy Corp (SE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-06-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 9, "slideType": "valuation_table", "function": "quantify_opportunity", "notes": "Includes a peer comparison table and a valuation buildup for Westcoast Energy.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-d8bdfd864eab/9", "deckHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab#slide-9", "loopMatches": [ { "to": 9, "from": 3, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "c928502f-8438-4318-baae-6498aa261045", "evidence": "The document presents a series of logical arguments", "position": 0, "objective": "To demonstrate the logic behind unlocking shareholder value", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.7, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" }, { "to": 9, "from": 8, "name": "Analogy", "slug": "08-analogy", "bestFor": "Complex concepts, new markets, technical explanations for non-experts", "matchId": "4887b833-8afb-4534-888b-06eaffc1f254", "evidence": "Slide 8 cites precedent", "position": 1, "objective": "To draw an analogy with precedent", "structure": "The Familiar Domain -> Key Parallel -> Applied to Our Situation -> Insight", "confidence": 0.6, "description": "Explain the unfamiliar through a well-understood parallel domain" } ], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-d8bdfd864eab", "docSlug": "42942301f902", "documentTitle": "Spectra Energy Corp (SE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-06-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 10, "slideType": "propose_solution", "function": "propose_solution", "notes": "Includes a valuation bridge for SE's 50% stake and a peer comparison table for NGL Midstream companies.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-d8bdfd864eab/10", "deckHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab#slide-10", "loopMatches": [], "arcBeatMatches": [ { "to": 11, "from": 10, "beatId": "c11dda0c-e627-4184-bdef-b4f5096dcd82", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 10-11 propose a solution and preempt rebuttal", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-d8bdfd864eab", "docSlug": "42942301f902", "documentTitle": "Spectra Energy Corp (SE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-06-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 11, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide uses a structured list format to address specific management objections point-by-point.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-d8bdfd864eab/11", "deckHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab#slide-11", "loopMatches": [], "arcBeatMatches": [ { "to": 11, "from": 10, "beatId": "c11dda0c-e627-4184-bdef-b4f5096dcd82", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "Slides 10-11 propose a solution and preempt rebuttal", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-d8bdfd864eab", "docSlug": "42942301f902", "documentTitle": "Spectra Energy Corp (SE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-06-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 12, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a scatter plot to contrast SE CEO pay against peers, with annotations highlighting the contradiction.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-d8bdfd864eab/12", "deckHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab#slide-12", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-d8bdfd864eab", "docSlug": "42942301f902", "documentTitle": "Spectra Energy Corp (SE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-06-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 13, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a table to detail specific executive compensation figures over a 3-year period to support the argument of misalignment.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-d8bdfd864eab/13", "deckHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab#slide-13", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-d8bdfd864eab", "docSlug": "42942301f902", "documentTitle": "Spectra Energy Corp (SE)", "authorId": "08_Sandell", "authorName": "Sandell Asset Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2013-06-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 14, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-d8bdfd864eab/14", "deckHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-d8bdfd864eab#slide-14", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": "The image is of Castlerigg Stone Circle, a play on the firm's name.", "imagePath": "https://imgproxy.kitesheet.com/dAksaf2JlktHJxHyH4sf2FkOkcY14niF14v99ccL6Ms/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9lMTZiYTI4MGJkZTAvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/1", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-1", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "97ab889b-2963-445e-9b7a-54eca46e5e7a", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The cover slide and team bio introduce the problem and the protagonist (Sandell Asset Management).", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": "https://imgproxy.kitesheet.com/vnyqpY6-1MF5-JESK8xNeTdUfx6uE9S8ih3KJvQWC0o/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9lMTZiYTI4MGJkZTAvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/-rUFF-J0z8-IuKzQ8mBfC8GuJsr4bQIuw_YUrjPMXjE/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9lMTZiYTI4MGJkZTAvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/gsKnoZsxW-dBCOXR4IaRD0jDRYwTlOqkH4MJkYIf2pw/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy9lMTZiYTI4MGJkZTAvcDAwMS5qcGc" }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 2, "slideType": "disclaimer", "function": "other", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/2", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-2", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "97ab889b-2963-445e-9b7a-54eca46e5e7a", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The cover slide and team bio introduce the problem and the protagonist (Sandell Asset Management).", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 3, "slideType": "team_bio", "function": "introduce_nominees", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/3", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-3", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "97ab889b-2963-445e-9b7a-54eca46e5e7a", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The cover slide and team bio introduce the problem and the protagonist (Sandell Asset Management).", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 4, "slideType": "propose_solution", "function": "propose_solution", "notes": "Uses a pie chart to illustrate the sum-of-the-parts valuation breakdown.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/4", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-4", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "97ab889b-2963-445e-9b7a-54eca46e5e7a", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The cover slide and team bio introduce the problem and the protagonist (Sandell Asset Management).", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 5, "slideType": "kpi_overview", "function": "quantify_opportunity", "notes": "The slide uses a quantitative bridge to show how structural changes (dropdowns and spin-offs) impact dividend growth metrics across different project scenarios.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/5", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-5", "loopMatches": [ { "to": 9, "from": 5, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "57f1e1ab-ded3-4d0d-a148-5839b1ae82e7", "evidence": "The presentation builds a logical chain of arguments to support the valuation discrepancy.", "position": 0, "objective": "Understand the valuation discrepancy", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.7, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 9, "from": 5, "beatId": "d1ac9795-18f7-494b-b3de-cf7424800c07", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The KPI overview, propose solution, and peer benchmark slides highlight the valuation discount and operational issues.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 6, "slideType": "propose_solution", "function": "propose_solution", "notes": "The slide uses a 'problem-solution' structure to critique current MLP management and propose an 'All-In' dropdown strategy.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/6", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-6", "loopMatches": [ { "to": 9, "from": 5, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "57f1e1ab-ded3-4d0d-a148-5839b1ae82e7", "evidence": "The presentation builds a logical chain of arguments to support the valuation discrepancy.", "position": 0, "objective": "Understand the valuation discrepancy", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.7, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 9, "from": 5, "beatId": "d1ac9795-18f7-494b-b3de-cf7424800c07", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The KPI overview, propose solution, and peer benchmark slides highlight the valuation discount and operational issues.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 7, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "Uses de-consolidation of MLPs to normalize valuation multiples between TRP and ENB.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/7", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-7", "loopMatches": [ { "to": 9, "from": 5, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "57f1e1ab-ded3-4d0d-a148-5839b1ae82e7", "evidence": "The presentation builds a logical chain of arguments to support the valuation discrepancy.", "position": 0, "objective": "Understand the valuation discrepancy", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.7, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 9, "from": 5, "beatId": "d1ac9795-18f7-494b-b3de-cf7424800c07", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The KPI overview, propose solution, and peer benchmark slides highlight the valuation discount and operational issues.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 8, "slideType": "valuation_reveal", "function": "show_valuation_bridge", "notes": "The slide uses a structural decomposition to argue for a corporate breakup or restructuring to unlock value.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/8", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-8", "loopMatches": [ { "to": 9, "from": 5, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "57f1e1ab-ded3-4d0d-a148-5839b1ae82e7", "evidence": "The presentation builds a logical chain of arguments to support the valuation discrepancy.", "position": 0, "objective": "Understand the valuation discrepancy", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.7, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 9, "from": 5, "beatId": "d1ac9795-18f7-494b-b3de-cf7424800c07", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The KPI overview, propose solution, and peer benchmark slides highlight the valuation discount and operational issues.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 9, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "Includes detailed pro-forma financial tables comparing current vs. post-transaction metrics and a valuation bridge for TRP shareholders.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/9", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-9", "loopMatches": [ { "to": 9, "from": 5, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "57f1e1ab-ded3-4d0d-a148-5839b1ae82e7", "evidence": "The presentation builds a logical chain of arguments to support the valuation discrepancy.", "position": 0, "objective": "Understand the valuation discrepancy", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.7, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "arcBeatMatches": [ { "to": 9, "from": 5, "beatId": "d1ac9795-18f7-494b-b3de-cf7424800c07", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The KPI overview, propose solution, and peer benchmark slides highlight the valuation discount and operational issues.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 10, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide uses a 'before/after' comparison for TCP (current vs. post-dropdown) alongside two peer groups to argue for valuation multiple expansion.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/10", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-10", "loopMatches": [ { "to": 15, "from": 10, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "cd5c2a0b-1862-441c-98a8-5046a069e4cc", "evidence": "The presentation applies the golden circle framework to explain the solution.", "position": 1, "objective": "Understand the solution", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.7, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "arcBeatMatches": [ { "to": 15, "from": 10, "beatId": "14c6855c-f1c7-4ede-a00e-b5737b74c0d2", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The valuation reveal, valuation table, and expose contradiction slides propose solutions and demonstrate their potential impact.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 11, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a dual-axis line chart to show the correlation between the announcement and stock performance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/11", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-11", "loopMatches": [ { "to": 15, "from": 10, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "cd5c2a0b-1862-441c-98a8-5046a069e4cc", "evidence": "The presentation applies the golden circle framework to explain the solution.", "position": 1, "objective": "Understand the solution", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.7, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "arcBeatMatches": [ { "to": 15, "from": 10, "beatId": "14c6855c-f1c7-4ede-a00e-b5737b74c0d2", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The valuation reveal, valuation table, and expose contradiction slides propose solutions and demonstrate their potential impact.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 12, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "The slide uses a sum-of-the-parts valuation approach to justify a specific share price target.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/12", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-12", "loopMatches": [ { "to": 15, "from": 10, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "cd5c2a0b-1862-441c-98a8-5046a069e4cc", "evidence": "The presentation applies the golden circle framework to explain the solution.", "position": 1, "objective": "Understand the solution", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.7, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "arcBeatMatches": [ { "to": 15, "from": 10, "beatId": "14c6855c-f1c7-4ede-a00e-b5737b74c0d2", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The valuation reveal, valuation table, and expose contradiction slides propose solutions and demonstrate their potential impact.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 13, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide argues that TRP's valuation is suppressed by its volatile energy segment and complex capital structure.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/13", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-13", "loopMatches": [ { "to": 15, "from": 10, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "cd5c2a0b-1862-441c-98a8-5046a069e4cc", "evidence": "The presentation applies the golden circle framework to explain the solution.", "position": 1, "objective": "Understand the solution", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.7, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "arcBeatMatches": [ { "to": 15, "from": 10, "beatId": "14c6855c-f1c7-4ede-a00e-b5737b74c0d2", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The valuation reveal, valuation table, and expose contradiction slides propose solutions and demonstrate their potential impact.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 14, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "The slide argues for a spin-off to unlock value by creating a pure-play power generation entity.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/14", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-14", "loopMatches": [ { "to": 15, "from": 10, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "cd5c2a0b-1862-441c-98a8-5046a069e4cc", "evidence": "The presentation applies the golden circle framework to explain the solution.", "position": 1, "objective": "Understand the solution", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.7, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "arcBeatMatches": [ { "to": 15, "from": 10, "beatId": "14c6855c-f1c7-4ede-a00e-b5737b74c0d2", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The valuation reveal, valuation table, and expose contradiction slides propose solutions and demonstrate their potential impact.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 15, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The chart uses a split-bar approach to show variance ranges for different business segments.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/15", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-15", "loopMatches": [ { "to": 15, "from": 10, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "cd5c2a0b-1862-441c-98a8-5046a069e4cc", "evidence": "The presentation applies the golden circle framework to explain the solution.", "position": 1, "objective": "Understand the solution", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.7, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "arcBeatMatches": [ { "to": 15, "from": 10, "beatId": "14c6855c-f1c7-4ede-a00e-b5737b74c0d2", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The valuation reveal, valuation table, and expose contradiction slides propose solutions and demonstrate their potential impact.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 16, "slideType": "comparison_table", "function": "compare_peers", "notes": "The slide uses a 'What If' scenario analysis to contrast current vs. proposed structural outcomes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/16", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-16", "loopMatches": [], "arcBeatMatches": [ { "to": 17, "from": 16, "beatId": "68fe7514-3b6f-4e59-a227-95c35cca79c3", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Action", "beatSlug": "aida-action", "evidence": "The final slides summarize the argument and implicitly call for action.", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622b-71dc-a6db-e31f337eb1b0", "docSlug": "e16ba280bde0", "documentTitle": "TransCanada Corp (TRP)", "authorId": "08_Sandell", "authorName": "Thomas Sandell", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-11-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 17, "slideType": "cover", "function": "front_matter", "notes": "Features the Castlerigg Stone Circle in the Lake District, UK, which is the namesake of the firm.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622b-71dc-a6db-e31f337eb1b0/17", "deckHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-e31f337eb1b0#slide-17", "loopMatches": [], "arcBeatMatches": [ { "to": 17, "from": 16, "beatId": "68fe7514-3b6f-4e59-a227-95c35cca79c3", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Action", "beatSlug": "aida-action", "evidence": "The final slides summarize the argument and implicitly call for action.", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true } ] }