{
  "docId": "019dd923-622b-71dc-a6d9-5ed233183fca",
  "docSlug": "88ae3a4b310b",
  "documentTitle": "Phillips 66 (PSX)",
  "authorId": "02_Elliott_Management",
  "authorName": null,
  "documentKindSlug": "regulatory-filing",
  "documentKindLabel": "Regulatory filing",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2025-05-16 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 12,
  "pageCount": 25,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "sparse",
  "nDataPoints": 1,
  "notes": "The slide is a screenshot of a social media post (likely X/Twitter) used as an activist investor communication.",
  "elementsJson": [
    "screenshot"
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  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6d9-5ed233183fca/12",
  "deckHref": "/decks/019dd923-622b-71dc-a6d9-5ed233183fca",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-5ed233183fca.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-5ed233183fca#slide-12",
  "components": [
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      "kind": "metric",
      "text": "CEO compensation: $79 Million",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-64d3-706e-a45f-6247aa11b2c9",
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      "kind": "paragraph",
      "text": "INVESTOR ALERT: Phillips 66 (PSX) CEO made $79 Million over 3 years while the stock far underperformed its peers. It's time for board changes at PSX so your investment can earn what it should. Call 877-629-6357 to learn more.",
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  "metrics": [],
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      "matchId": "dbb8005a-32fc-4dca-817c-9ca2703adffa",
      "evidence": "The slide explicitly names the CEO and the company as the target of an investor campaign.",
      "confidence": 0.9
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      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate (Make it worse)",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "CEO compensation is misaligned with stock performance (slide 12).",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
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      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Closing ask",
      "beatSlug": null,
      "evidence": "Multiple slides (3, 8, 10, 15, 18) urging shareholders to vote for Elliott's nominees.",
      "position": 3,
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  "loops": [
    {
      "to": 25,
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "e750a765-703c-4086-b05e-51cc2c621ecc",
      "evidence": "The deck implies that not voting for change will lead to continued misaligned CEO compensation and poor performance.",
      "position": 0,
      "objective": "What are the consequences of not voting for change?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
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  "locked": true
}