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  "documentTitle": "AOL, Inc. (AOL)",
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  "authorName": "Jeffrey C. Smith",
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      "text": "AOL's existing peer group, which serves as the foundation for benchmarking executive compensation, consists of companies that are too large. Over 80% of the companies in AOL's 2011 peer group have market caps greater than 2 times AOL's market cap.",
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      "text": "Relative to the Independent Peer Group, the compensation consulting firm determined that: AOL's short term pay is significantly misaligned with performance. AOL's actual total compensation is high as a percentage of EBITDA in relation to peers. AOL's CEO and CFO have realized significant value in terms of restricted stock vesting in the past two years while shareholders experienced a decline in the stock price.",
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