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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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  "density": "dense",
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  "notes": "The slide uses a bold 'FAILED' stamp and red italicized text to emphasize ISS's negative conclusion on non-independent directors.",
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      "kind": "callout",
      "text": "Shareholder Concern #3: The membership on the compensation committee of Raymond Svider, a representative of BC Partners -> FAILED",
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      "text": "The presence of non-independent directors on key committees may diminish a committee’s ability to oversee management objectively.",
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      "text": "Given BC Partners' preferred ownership interest in the Company, Mr. Svider is considered an \"affiliate\" of the Company.\nFurther, BC Partners' preferred interest has substantially different economic interests than Office Depot common shareholders...",
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      "kind": "quote",
      "text": "\"The presence of non-independent directors on key committees may diminish a committee's ability to oversee management objectively. Audit, Compensation, and Nominating committees should all be fully independent...\"",
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      "kind": "quote",
      "text": "“The company chose not to make changes regarding certain matters raised by shareholders...” and that having Mr. Svider on the Compensation committee is “good practice” — Office Depot",
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      "kind": "source-note",
      "text": "Source: Glass Lewis and ISS Proxy Papers, ODP SEC filings.",
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      "kind": "title",
      "text": "Office Depot's Board Continues to Also Ignore the Concerns of Its Shareholders Regarding Compensation and Board Structure",
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