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  "documentTitle": "Office Depot, Inc. (ODP)",
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  "notes": "Uses a quote from Neil Austrian to establish the baseline expectation, then contrasts it with his own hiring.",
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      "kind": "callout",
      "text": "Mr. Austrian knew the Company needed a superior executive with strong retail and BSD experience, yet the search committee on which he sat chose him to be CEO after only 6 months.",
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      "text": "Despite the clear desire and need for a “Hall of Fame guy” with “retail” and “BSD” experience that will “take the company to the next level”, Office Depot instead hired Mr. Austrian as permanent CEO after just six months.",
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      "text": "\"We find the hire to be very surprising and we believe the market will as well. In recent meetings with Mr. Austrian, we came away believing he was not interested and not a candidate for the full time position.\" - Deutsche Bank report, May 23, 2011",
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      "text": "Neil Austrian claimed that the Company was looking for the following in a new CEO: \"We want a Hall of Fame guy... you want someone who's an absolute proven leader... someone that can build revenue... someone that has both retail, and what I'll call, BSD experience.\"",
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      "text": "Unlike what Office Depot claimed it was looking for in a CEO, Mr. Austrian’s primary experience consisted of his role as the COO of the National Football League and investment banking.",
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      "text": "\"We want a Hall of Fame guy. I think the specs are pretty obvious...you want someone who's an absolute proven leader, somebody who's run a major business, somebody who in the past has not only demonstrated their ability to control thoughts and innovate, but someone that can build revenue. You'd like to find somebody that has both retail, and what I'll call, BSD experience. And our expectations are...we're going to find a superior CEO to come in and take the company to the next level.\" — Neil Austrian. \"We find the hire to be very surprising and we believe the market will as well. In recent meetings with Mr. Austrian, we came away believing he was not interested and not a candidate for the full time position.\" — Deutsche Bank report, May 23, 2011",
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      "text": "Source: ODP SEC filings and earnings call transcripts.",
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      "text": "We Have Serious Questions About the 2010 CEO Search Process",
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