{
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  "docSlug": "eb305b39ce19",
  "documentTitle": "AOL, Inc. (AOL)",
  "authorId": "03_Starboard_Value",
  "authorName": "Jeffrey C. Smith",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2012-05-23 00:00:00",
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  "pageNumber": 67,
  "pageCount": 96,
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  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "The chart uses a dashed box to visually represent the ISS/Glass Lewis guideline boundaries for peer selection.",
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      "kind": "callout",
      "text": "We believe the Independent Peer Group is an appropriate peer group for AOL, unlike the Company's current peer group.",
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      "kind": "chart",
      "text": "Scatter plot of Revenue vs Market Cap with guideline box overlay.",
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      "text": "Market Cap vs Revenue",
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      "text": "The Independent Peer Group is comprised of companies with mean and median market caps of 2.0x and 1.4x of AOL's market cap, respectively, and mean and median revenue of 1.2x and 1.0x AOL's revenue. These metrics fall well within the ISS and Glass Lewis guidelines.",
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      "kind": "source-note",
      "text": "Independent Peer Group: ACOM, CCO, ELNK, CGI, IACI, IPG, LAMR, NYT, UNTD, VCI, VCLK, WBMD, WPO, and YHOO. Selected by independent compensation consulting firm engaged by Starboard.",
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      "text": "Mean/Median multiples of AOL's Market Cap and Revenue compared to ISS/Glass Lewis guidelines.",
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      "text": "The Independent Peer Group is comprised of companies that are similar in terms of scope and scale of the business",
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
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      "evidence": "The document highlights the costs of inaction and the need for change in AOL's operations and strategy",
      "position": 0,
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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      "description": "Quantify what happens if the audience does nothing"
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