{ "kind": "all", "value": "all", "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations", "filters": { "documentKinds": [], "sourceTypes": [], "orientations": [] }, "total": 319975, "page": 2293, "pageSize": 60, "pageCount": 5333, "rows": [ { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 1, "slideType": "executive_summary", "function": "front_matter", "notes": "This is the cover letter of an activist investor presentation.", "imagePath": "https://imgproxy.kitesheet.com/v-ku16ccvT8uFz-HLqw8ej4yxfgzOteQLZhtv4nce2Y/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy83NzMzMjFkNmIwZDcvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/1", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-1", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "40d72abb-8bb2-46a1-8a06-bd34a7a377ec", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document identifies Cognizant's underperformance and the need for change.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": "https://imgproxy.kitesheet.com/cUDxn425a9LixeOXw9CXcdcrrADEyjgUh_Ky0jbvCqc/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy83NzMzMjFkNmIwZDcvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/g_lF8hVMFYPI2HEHdli5EWDp-0u31oXUoOxp2KtQ1y8/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy83NzMzMjFkNmIwZDcvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/kIf6jW0xzemf6xVARRuJmqgU3VXpIByTpmU2sb6BLHU/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy83NzMzMjFkNmIwZDcvcDAwMS5qcGc" }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide uses a table to highlight Cognizant's stock underperformance relative to various indices and peer groups over 1-5 year periods.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/2", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-2", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "40d72abb-8bb2-46a1-8a06-bd34a7a377ec", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document identifies Cognizant's underperformance and the need for change.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 3, "slideType": "peer_gap", "function": "expose_gap", "notes": "The slide uses a combination of a line chart for historical NTM P/E and a waterfall-style bar chart to show the shift in valuation premiums/discounts over time.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/3", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-3", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "40d72abb-8bb2-46a1-8a06-bd34a7a377ec", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document identifies Cognizant's underperformance and the need for change.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 4, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses analyst quotes to frame management's strategy as outdated compared to market expectations.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/4", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-4", "loopMatches": [], "arcBeatMatches": [ { "to": 4, "from": 1, "beatId": "40d72abb-8bb2-46a1-8a06-bd34a7a377ec", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem (Identify pain)", "beatSlug": "problem-agitate-solution-problem-identify-pain", "evidence": "The document identifies Cognizant's underperformance and the need for change.", "position": 0, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 5, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide argues that Cognizant's management is intentionally keeping margins low, contrary to industry trends.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/5", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-5", "loopMatches": [ { "to": 8, "from": 5, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "893f4c2f-fbfa-414f-957f-ccdbd54c31e6", "evidence": "The document highlights the consequences of not changing, such as suboptimal capital allocation.", "position": 0, "objective": "What is the cost of not changing Cognizant's approach to profitability?", "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": 8, "from": 5, "beatId": "d287fb4d-3566-4b3c-8ff5-3c137a476e3d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document highlights the consequences of not changing, such as suboptimal capital allocation.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 6, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a combination of a combo chart (bar/line) and a direct quote to highlight the gap between management's stated goals and actual performance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/6", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-6", "loopMatches": [ { "to": 8, "from": 5, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "893f4c2f-fbfa-414f-957f-ccdbd54c31e6", "evidence": "The document highlights the consequences of not changing, such as suboptimal capital allocation.", "position": 0, "objective": "What is the cost of not changing Cognizant's approach to profitability?", "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": 8, "from": 5, "beatId": "d287fb4d-3566-4b3c-8ff5-3c137a476e3d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document highlights the consequences of not changing, such as suboptimal capital allocation.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 7, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "Includes a quote from J.P. Morgan to support the thesis on capital allocation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/7", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-7", "loopMatches": [ { "to": 8, "from": 5, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "893f4c2f-fbfa-414f-957f-ccdbd54c31e6", "evidence": "The document highlights the consequences of not changing, such as suboptimal capital allocation.", "position": 0, "objective": "What is the cost of not changing Cognizant's approach to profitability?", "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": 8, "from": 5, "beatId": "d287fb4d-3566-4b3c-8ff5-3c137a476e3d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document highlights the consequences of not changing, such as suboptimal capital allocation.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide highlights Cognizant's lack of dividends and high cash accumulation relative to peers.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/8", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-8", "loopMatches": [ { "to": 8, "from": 5, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "893f4c2f-fbfa-414f-957f-ccdbd54c31e6", "evidence": "The document highlights the consequences of not changing, such as suboptimal capital allocation.", "position": 0, "objective": "What is the cost of not changing Cognizant's approach to profitability?", "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": 8, "from": 5, "beatId": "d287fb4d-3566-4b3c-8ff5-3c137a476e3d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Agitate (Make it worse)", "beatSlug": "problem-agitate-solution-agitate-make-it-worse", "evidence": "The document highlights the consequences of not changing, such as suboptimal capital allocation.", "position": 1, "confidence": 0.8, "parentBeatName": "Development", "parentBeatSlug": "development" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 9, "slideType": "comparison_table", "function": "compare_peers", "notes": "The slide uses a comparison table followed by a narrative argument to frame Cognizant as 'shareholder-unfriendly' due to its capital allocation strategy.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/9", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-9", "loopMatches": [ { "to": 15, "from": 9, "name": "Hypothesis Test", "slug": "42-hypothesis-test", "bestFor": "Strategy validation, due diligence, research presentations", "matchId": "e3d89b3e-2ffb-4c2a-b48d-f2dd6d243298", "evidence": "The document presents a clear plan and uses data to support its claims.", "position": 1, "objective": "Can the proposed value-enhancement plan improve Cognizant's profitability and valuation?", "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)", "confidence": 0.7, "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence" } ], "arcBeatMatches": [ { "to": 15, "from": 9, "beatId": "683cd47e-f58e-4209-8a4c-3c7a49a789cd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes a solution, the value-enhancement plan, to improve Cognizant's profitability and valuation.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 10, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses analyst quotes to build a case for capital return (dividends/buybacks) as a remedy for slowing growth.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/10", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-10", "loopMatches": [ { "to": 15, "from": 9, "name": "Hypothesis Test", "slug": "42-hypothesis-test", "bestFor": "Strategy validation, due diligence, research presentations", "matchId": "e3d89b3e-2ffb-4c2a-b48d-f2dd6d243298", "evidence": "The document presents a clear plan and uses data to support its claims.", "position": 1, "objective": "Can the proposed value-enhancement plan improve Cognizant's profitability and valuation?", "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)", "confidence": 0.7, "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence" } ], "arcBeatMatches": [ { "to": 15, "from": 9, "beatId": "683cd47e-f58e-4209-8a4c-3c7a49a789cd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes a solution, the value-enhancement plan, to improve Cognizant's profitability and valuation.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 11, "slideType": "propose_solution", "function": "propose_solution", "notes": "This is a text-heavy slide from an activist investor letter detailing the methodology and initial operational targets.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/11", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-11", "loopMatches": [ { "to": 15, "from": 9, "name": "Hypothesis Test", "slug": "42-hypothesis-test", "bestFor": "Strategy validation, due diligence, research presentations", "matchId": "e3d89b3e-2ffb-4c2a-b48d-f2dd6d243298", "evidence": "The document presents a clear plan and uses data to support its claims.", "position": 1, "objective": "Can the proposed value-enhancement plan improve Cognizant's profitability and valuation?", "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)", "confidence": 0.7, "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence" } ], "arcBeatMatches": [ { "to": 15, "from": 9, "beatId": "683cd47e-f58e-4209-8a4c-3c7a49a789cd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes a solution, the value-enhancement plan, to improve Cognizant's profitability and valuation.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 12, "slideType": "propose_solution", "function": "propose_solution", "notes": "This is page 12 of a shareholder letter, likely from an activist investor (Elliott Management).", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/12", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-12", "loopMatches": [ { "to": 15, "from": 9, "name": "Hypothesis Test", "slug": "42-hypothesis-test", "bestFor": "Strategy validation, due diligence, research presentations", "matchId": "e3d89b3e-2ffb-4c2a-b48d-f2dd6d243298", "evidence": "The document presents a clear plan and uses data to support its claims.", "position": 1, "objective": "Can the proposed value-enhancement plan improve Cognizant's profitability and valuation?", "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)", "confidence": 0.7, "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence" } ], "arcBeatMatches": [ { "to": 15, "from": 9, "beatId": "683cd47e-f58e-4209-8a4c-3c7a49a789cd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes a solution, the value-enhancement plan, to improve Cognizant's profitability and valuation.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 13, "slideType": "propose_solution", "function": "propose_solution", "notes": "This is a page from an activist investor letter (Elliott Management) proposing a 'Value-Enhancement Plan' for Cognizant.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/13", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-13", "loopMatches": [ { "to": 15, "from": 9, "name": "Hypothesis Test", "slug": "42-hypothesis-test", "bestFor": "Strategy validation, due diligence, research presentations", "matchId": "e3d89b3e-2ffb-4c2a-b48d-f2dd6d243298", "evidence": "The document presents a clear plan and uses data to support its claims.", "position": 1, "objective": "Can the proposed value-enhancement plan improve Cognizant's profitability and valuation?", "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)", "confidence": 0.7, "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence" } ], "arcBeatMatches": [ { "to": 15, "from": 9, "beatId": "683cd47e-f58e-4209-8a4c-3c7a49a789cd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes a solution, the value-enhancement plan, to improve Cognizant's profitability and valuation.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 14, "slideType": "key_messages", "function": "summarize", "notes": "This is page 14 of a shareholder letter, likely from an activist investor (Elliott Management) targeting Cognizant.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/14", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-14", "loopMatches": [ { "to": 15, "from": 9, "name": "Hypothesis Test", "slug": "42-hypothesis-test", "bestFor": "Strategy validation, due diligence, research presentations", "matchId": "e3d89b3e-2ffb-4c2a-b48d-f2dd6d243298", "evidence": "The document presents a clear plan and uses data to support its claims.", "position": 1, "objective": "Can the proposed value-enhancement plan improve Cognizant's profitability and valuation?", "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)", "confidence": 0.7, "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence" } ], "arcBeatMatches": [ { "to": 15, "from": 9, "beatId": "683cd47e-f58e-4209-8a4c-3c7a49a789cd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes a solution, the value-enhancement plan, to improve Cognizant's profitability and valuation.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 15, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "Includes detailed footnotes regarding dividend yields, share repurchases, and EPS rounding.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/15", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-15", "loopMatches": [ { "to": 15, "from": 9, "name": "Hypothesis Test", "slug": "42-hypothesis-test", "bestFor": "Strategy validation, due diligence, research presentations", "matchId": "e3d89b3e-2ffb-4c2a-b48d-f2dd6d243298", "evidence": "The document presents a clear plan and uses data to support its claims.", "position": 1, "objective": "Can the proposed value-enhancement plan improve Cognizant's profitability and valuation?", "structure": "The Hypothesis -> Test 1 (Supports/Refutes) -> Test 2 (Supports/Refutes) -> Conclusion (Validated/Pivoted)", "confidence": 0.7, "description": "State a hypothesis upfront, then systematically prove or disprove it with evidence" } ], "arcBeatMatches": [ { "to": 15, "from": 9, "beatId": "683cd47e-f58e-4209-8a4c-3c7a49a789cd", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Solution (Provide relief)", "beatSlug": "problem-agitate-solution-solution-provide-relief", "evidence": "The document proposes a solution, the value-enhancement plan, to improve Cognizant's profitability and valuation.", "position": 2, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-50b46d52e1ad", "docSlug": "773321d6b0d7", "documentTitle": "Cognizant Technology Solutions (CTSH)", "authorId": "02_Elliott_Management", "authorName": "Jesse Cohn", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-11-28 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 16, "slideType": "valuation_table", "function": "show_valuation_bridge", "notes": "Includes a call to action for a board meeting and a signature from Jesse Cohn.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-50b46d52e1ad/16", "deckHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-50b46d52e1ad#slide-16", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 1, "slideType": "cover", "function": "front_matter", "notes": null, "imagePath": "https://imgproxy.kitesheet.com/T43TRl89W9WyNsLjp93B0IF2Dc5vqy2haCsEGP19UIs/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80OGE4Y2JmMmYxZDcvcDAwMS5wbmc", "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/1", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-1", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": "https://imgproxy.kitesheet.com/OJsAg4QIjA9utyiGFcXR0_89vMYOojN_TFT6gXImEWA/rs:fit:1200:1200:0/q:82/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80OGE4Y2JmMmYxZDcvcDAwMS5qcGc", "thumbSrc": "https://imgproxy.kitesheet.com/eB6k8jHNtbgjgLjRiovZ0GlqrdqBM__FDboX4KwR8ts/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80OGE4Y2JmMmYxZDcvcDAwMS5wbmc", "thumbSrcAlt": "https://imgproxy.kitesheet.com/W3NvfRiMOiCwFO-Y0JwP_C_X9y3pIFKfQrsemVCYADY/rs:fit:480:480:0/q:78/f:webp/czM6Ly9raXRlc2hlZXQvY29ycHVzL3NsaWRlcy80OGE4Y2JmMmYxZDcvcDAwMS5qcGc" }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 2, "slideType": "executive_summary", "function": "establish_context", "notes": "Includes company HQ, employee count, financial snapshot, and three pie charts detailing revenue/profit contribution and end-market exposure.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/2", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-2", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 3, "slideType": "executive_summary", "function": "establish_context", "notes": "This slide establishes the activist's credibility and thesis.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/3", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-3", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 4, "slideType": "table_of_contents", "function": "front_matter", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/4", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-4", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 5, "slideType": "executive_summary", "function": "front_matter", "notes": "The slide features a stylized image of a turbine or fan blade, likely representing industrial or mechanical themes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/5", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-5", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 6, "slideType": "problem_statement", "function": "frame_problem", "notes": "Uses a before-after framing to contrast current failures with proposed future state.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/6", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-6", "loopMatches": [], "arcBeatMatches": [ { "to": 9, "from": 6, "beatId": "cf00707d-7002-40f7-b968-a9f224fa1455", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem Statement", "beatSlug": null, "evidence": "The document presents a clear problem statement, highlighting Arconic's poor performance and undervaluation.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 7, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "Uses a contrast-pairs framework to juxtapose management's failures against their self-serving narrative.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/7", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-7", "loopMatches": [], "arcBeatMatches": [ { "to": 9, "from": 6, "beatId": "cf00707d-7002-40f7-b968-a9f224fa1455", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem Statement", "beatSlug": null, "evidence": "The document presents a clear problem statement, highlighting Arconic's poor performance and undervaluation.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 8, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "Uses a downward-trending arrow as a visual metaphor for decline.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/8", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-8", "loopMatches": [], "arcBeatMatches": [ { "to": 9, "from": 6, "beatId": "cf00707d-7002-40f7-b968-a9f224fa1455", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem Statement", "beatSlug": null, "evidence": "The document presents a clear problem statement, highlighting Arconic's poor performance and undervaluation.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 9, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide uses a combination of a large performance matrix and three smaller tables showing performance before and after the Elliott proxy fight.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/9", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-9", "loopMatches": [], "arcBeatMatches": [ { "to": 9, "from": 6, "beatId": "cf00707d-7002-40f7-b968-a9f224fa1455", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Problem Statement", "beatSlug": null, "evidence": "The document presents a clear problem statement, highlighting Arconic's poor performance and undervaluation.", "position": 0, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 10, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "Uses a faucet metaphor to illustrate capital 'leaking' or yielding poor returns.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/10", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-10", "loopMatches": [], "arcBeatMatches": [ { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 11, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "Uses red 'x' icons to emphasize negative performance metrics.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/11", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-11", "loopMatches": [], "arcBeatMatches": [ { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 12, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses Porter's 'What is Strategy' framework to critique Arconic's management.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/12", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-12", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 13, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide uses a bar chart comparison to argue that Arconic's assets are underutilized compared to its identified competitors.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/13", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-13", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 14, "slideType": "villain_critique", "function": "name_villain", "notes": "The slide uses a list of 'X' marked points to systematically dismantle the current CEO's management style.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/14", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-14", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 15, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a quote-based attack strategy to undermine leadership credibility.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/15", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-15", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 16, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a timeline-based narrative to expose a governance failure.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/16", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-16", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 17, "slideType": "key_messages", "function": "state_demand", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/17", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-17", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 18, "slideType": "roadmap", "function": "plan_implementation", "notes": "The slide uses a numbered list to outline a strategic roadmap for corporate transformation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/18", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-18", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 19, "slideType": "other", "function": "present_framework", "notes": "The slide uses a circular diagram to illustrate a self-reinforcing business cycle.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/19", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-19", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 20, "slideType": "nominee_bio", "function": "introduce_nominees", "notes": "The slide emphasizes '80 years of cumulative aerospace experience' as a key selling point for the slate.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/20", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-20", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 21, "slideType": "comparison_table", "function": "compare_peers", "notes": "Uses a classic 'us vs. them' contrast table to frame the incumbent board as the villain.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/21", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-21", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 22, "slideType": "testimonial", "function": "illustrate_case", "notes": "The slide uses a background graphic of upward-pointing arrows to visually reinforce the 'support' and 'value creation' theme.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/22", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-22", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 23, "slideType": "testimonial", "function": "summarize", "notes": "The slide uses a background arrow graphic to visually connect the quotes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/23", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-23", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 24, "slideType": "closing_ask", "function": "closing_ask", "notes": "Uses a contrast-pairs framework to frame the voting decision as a binary choice between change and status quo.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/24", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-24", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 25, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/25", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-25", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 26, "slideType": "key_takeaways", "function": "summarize", "notes": "Uses a vertical timeline-style list to organize key arguments.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/26", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-26", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 27, "slideType": "thesis_headline", "function": "frame_problem", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/27", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-27", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 28, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses red callouts to emphasize negative performance gaps and a yellow box to highlight a contradictory quote from the CEO.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/28", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-28", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 29, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart uses a vertical bar structure to show relative underperformance across 9 time periods.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/29", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-29", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 30, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart shows significant underperformance across all time horizons and peer categories.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/30", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-30", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 31, "slideType": "peer_gap", "function": "expose_gap", "notes": "The slide uses a quote from the CEO to ironically contrast his stated focus on shareholder value with the actual negative performance results.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/31", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-31", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 32, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "Uses a quote from Dr. Kleinfeld to contrast his claims of productivity with the actual TSR data.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/32", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-32", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 33, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The slide uses a quote from former CEO Klaus Kleinfeld to frame the comparison against peers rather than the commodity price.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/33", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-33", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 34, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a CEO quote to contrast with poor performance data.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/34", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-34", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 35, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "Data as of October 31, 2016; Since CEO starts May 1, 2008.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/35", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-35", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 36, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The data highlights significant underperformance across most peer groups over multiple timeframes.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/36", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-36", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null }, { "to": 36, "from": 9, "beatId": "94c19959-6f31-4a05-95be-56ffe9cf8d25", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Peer Benchmark", "beatSlug": null, "evidence": "The document uses peer benchmarks to demonstrate Arconic's poor performance relative to its peers.", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 37, "slideType": "key_messages", "function": "summarize", "notes": "The slide uses a vertical timeline-style list to structure the key arguments.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/37", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-37", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 38, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a quote from Dr. Kleinfeld to set up a 'cherry-picking' accusation, followed by performance metrics that undermine his narrative.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/38", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-38", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 39, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "Uses a dot-matrix visualization to emphasize the overwhelming frequency of underperformance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/39", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-39", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 40, "slideType": "peer_benchmark", "function": "compare_peers", "notes": "The chart uses a grouped bar structure to show relative performance across multiple peer categories annually.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/40", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-40", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-571191cc7adb", "docSlug": "48a8cbf2f1d7", "documentTitle": "Arconic Inc. (ARNC)", "authorId": "02_Elliott_Management", "authorName": "Elliott", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2017-04-11 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 41, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The chart uses red bars for negative returns and grey bars for positive returns to visually emphasize the frequency of disappointment.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-571191cc7adb/41", "deckHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-571191cc7adb#slide-41", "loopMatches": [], "arcBeatMatches": [ { "to": 58, "from": 12, "beatId": "e0a957af-0483-4436-9a4f-900a2bdc789d", "arcName": "Problem-Agitate-Solution", "arcSlug": "problem-agitate-solution", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The document exposes contradictions in management's statements and actions, highlighting the need for change.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-4d60400dcc89", "docSlug": "8c49473591c7", "documentTitle": "Samsung Electronics Co., Ltd. (005930.KS)", "authorId": "02_Elliott_Management", "authorName": "Elliott Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-10-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 29, "slideType": "propose_solution", "function": "propose_solution", "notes": "The diagram shows the Lee Family and other investors' stakes in the new entities, and the relationship between the Holdco and its subsidiaries.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-4d60400dcc89/29", "deckHref": "/decks/019dd923-622c-750b-8b9c-4d60400dcc89", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-4d60400dcc89#slide-29", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-4d60400dcc89", "docSlug": "8c49473591c7", "documentTitle": "Samsung Electronics Co., Ltd. (005930.KS)", "authorId": "02_Elliott_Management", "authorName": "Elliott Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-10-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 30, "slideType": "other", "function": "present_framework", "notes": "The diagram shows the ownership structure and the proposed transaction flow.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-4d60400dcc89/30", "deckHref": "/decks/019dd923-622c-750b-8b9c-4d60400dcc89", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-4d60400dcc89#slide-30", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9c-4d60400dcc89", "docSlug": "8c49473591c7", "documentTitle": "Samsung Electronics Co., Ltd. (005930.KS)", "authorId": "02_Elliott_Management", "authorName": "Elliott Management", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2016-10-05 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 31, "slideType": "other", "function": "present_framework", "notes": "The slide uses a complex org-chart structure to explain corporate restructuring and cross-shareholding.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9c-4d60400dcc89/31", "deckHref": "/decks/019dd923-622c-750b-8b9c-4d60400dcc89", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-4d60400dcc89#slide-31", "loopMatches": [], "arcBeatMatches": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true } ] }