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  "documentTitle": "Office Depot, Inc. (ODP)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "presentationDate": "2013-08-02 00:00:00",
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  "notes": "This is a classic activist investor 'problem statement' slide, establishing the 'why' behind the campaign.",
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      "kind": "callout",
      "text": "We are conducting this election contest now during the pendency of the OfficeMax Merger because we strongly believe it is in all shareholders' best interests to reconstitute the Board...",
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      "text": "We are conducting this election contest now during the pendency of the OfficeMax Merger because we strongly believe it is in all shareholders’ best interests to reconstitute the Board with new, highly qualified directors that have the requisite skill-sets and experience to dramatically improve the operations of the business and transform the Company for the future, whether as a stand-alone or merged company.",
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      "kind": "list",
      "text": "We first invested in Office Depot... Office Depot's performance has been terrible... Stock price performance has been terrible... Operating performance has been abysmal... Operating margins are among the worst... The poor results are not getting any better...",
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      "text": "operating margins: 0.4%",
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      "text": "Source: ODP SEC filings, Capital IQ, Bloomberg.",
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      "kind": "title",
      "text": "Why We Are Involved with Office Depot",
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