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  "documentTitle": "Office Depot, Inc. (ODP)",
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      "text": "We are confident that our four nominees have the experience necessary to oversee a plan to substantially improve value for the benefit of all Office Depot Shareholders, whether or not the OfficeMax Merger is consummated.",
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      "text": "In total, our detailed presentation outlines how we believe Office Depot, as a stand-alone company, can improve its current operating margins from 0.9% to 7.3%, representing an improvement of over $650 million.",
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      "text": "Re-aligning operating expenses (G&A, advertising, etc.) to best-in-class levels\nOptimizing distribution\nRationalizing SKU count and supply base\nIncreasing service extensions and becoming a solutions provider\nChanging customer mix\nImproving the website experience to increase site traffic and conversion to sales while lowering operating costs\nDriving new engagement models",
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      "text": "We separately filed a 100+ page White Paper Presentation, entitled \"Transforming Office Depot: A Plan for Renewal and Reinvigoration,\" with the SEC on August 2, 2013. This White Paper Presentation discloses the details of this plan for the benefit of all shareholders. Specifically, this plan sets forth the following opportunities to dramatically improve the Company's languishing operating performance and failed strategies:",
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      "text": "We believe that the same opportunities highlighted in the presentation are applicable to OfficeMax's business and, if successfully executed on, would substantially increase the potential synergies in the Merger.",
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      "text": "Over the past nine months, Starboard and our Nominees have been working closely with one of the world's leading restructuring firms that we engaged to assist us in developing a comprehensive operational plan to successfully transform Office Depot.",
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