{
  "docId": "019dd923-622b-71dc-a6d9-b06e1e87f57d",
  "docSlug": "0d9a92f4ecfe",
  "documentTitle": "Office Depot, Inc. (ODP)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-08-02 00:00:00",
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  "pageNumber": 10,
  "pageCount": 63,
  "prevPage": 9,
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  "slideType": "before_after",
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  "density": "balanced",
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  "notes": "Uses a timeline-annotated line chart to frame the activist's intervention as the catalyst for value creation.",
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  "slideHref": "/slides/019dd923-622b-71dc-a6d9-b06e1e87f57d/10",
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  "components": [
    {
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      "kind": "callout",
      "text": "For the five years prior to Starboard’s 13D, Office Depot’s stock declined by 87%, compared to the 75% increase since our 13D filing.",
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      "kind": "chart",
      "text": "Stock price performance from 2007 to 2013",
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      "text": "We do not believe that Office Depot’s recent actions to enhance value for shareholders is a coincidence.\nFor years, Office Depot failed to create value for shareholders and only since our involvement has the Board begun to take reactionary actions to improve value for shareholders.\nFor the five years prior to Starboard’s 13D, Office Depot’s stock declined by 87%, compared to the 75% increase since our 13D filing.",
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      "text": "stock price: 87%",
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      "subkind": "primary",
      "toolName": "Quantification",
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      "kind": "source-note",
      "text": "Source: Stock price data is dividend adjusted and sourced from Capital IQ. Information is sourced from ODP SEC filings, press releases, conference call transcripts and sell side analyst reports. Note: Stock price data as of July 19, 2013.",
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      "kind": "title",
      "text": "Starboard’s Involvement Has Yielded Positive Results for Shareholders",
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      "evidence": "Contrasts stock performance before and after Starboard's 13D filing.",
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      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The Monster",
      "beatSlug": "overcoming-monster-the-monster",
      "evidence": "Criticisms of the current board and management, highlighting their lack of retail experience and poor governance practices.",
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