{ "docId": "019dd923-622b-71dc-a6d9-f3b6efbbae97", "docSlug": "6b96d4422a6b", "documentTitle": "Magellan Health, Inc. (MGLN)", "authorId": "03_Starboard_Value", "authorName": "Peter A. Feld", "documentKindSlug": "shareholder-letter", "documentKindLabel": "Shareholder letter", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2019-02-22 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 8, "pageCount": 9, "prevPage": 7, "nextPage": 9, "slideType": "nominee_bio", "function": "introduce_nominees", "density": "overcrowded", "nDataPoints": 0, "notes": "Page number 8 at the bottom.", "elementsJson": [ "bullet_list" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622b-71dc-a6d9-f3b6efbbae97/8", "deckHref": "/decks/019dd923-622b-71dc-a6d9-f3b6efbbae97", "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-f3b6efbbae97.json", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-f3b6efbbae97#slide-8", "components": [ { "bbox": { "h": 0.154, "w": 0.684, "x": 0.148, "y": 0.424 }, "kind": "list", "text": "Ms. Norwalk is Strategic Counsel to Epstein Becker Green, EBG Advisors and National Health Advisors, and serves as an advisor to three private equity firms: Warburg Pincus, Peloton Equity, and Enhanced Equity Fund. Ms. Norwalk served the Bush Administration as the Acting Administrator for the Centers for Medicare & Medicaid Services (CMS) where she managed the day-to-day operations of Medicare, Medicaid, State Child Health Insurance Programs, Survey and Certification of health care facilities and other federal health care initiatives. For four years prior to that, she was the agency's Deputy Administrator, responsible for the implementation of the hundreds of changes made under the Medicare Modernization Act, including the Medicare Prescription Drug Benefit. Ms. Norwalk is a member of the board of Endologix, Providence Service Corp., and NuVasive, along with several privately held healthcare companies.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "25e17315-18dd-4e75-9787-d49f21f6ce4c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.14, "w": 0.684, "x": 0.148, "y": 0.668 }, "kind": "list", "text": "Mr. Sansone is a Managing Director at Alvarez & Marsal, and currently serves on the board of Civitas Solutions and HealthPRO Heritage. Over the past two decades, Mr. Sansone has served as a C-level officer at some of the largest and most publically recognized turnarounds and/or restructurings in the healthcare services sector. His roles have included: CEO of Visiting Nurses Services of New York; President of Life Cell; Chief Implementation Officer of Barnabas Health; Chief Restructuring Officer of Erickson Retirement Communities; Chief Financial Officer of HealthSouth Corporation; President and Chief Executive Officer of Rotech Healthcare; and Senior Vice President of Integrated Health Services. Mr. Sansone's major advisory assignments have also included Sunrise Senior Living and Health Management Associates.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6677240b-3d1f-4de6-a4a3-1de3e5a96a06", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.084, "w": 0.684, "x": 0.148, "y": 0.128 }, "kind": "list", "text": "Mr. Feld is a Managing Member and Head of Research of Starboard Value LP. Prior to founding Starboard, he was a Managing Director of Ramius LLC and a Portfolio Manager of Ramius Value and Opportunity Master Fund Ltd. Mr. Feld serves as a director of Symantec Corporation, where he is helping lead Symantec through a significant operational turnaround. Mr. Feld previously served as a director of Marvell Technology, Brink's, Darden Restaurants, Insperity, and Integrated Device Technology, among others.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a008a6f8-2da2-4f76-b3b0-01056611f353", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.684, "x": 0.148, "y": 0.284 }, "kind": "list", "text": "Mr. Molinelli is a Partner of Starboard Value LP. Prior to Starboard's formation, he was a Director and an Investment Analyst at Ramius LLC. Mr. Molinelli previously served on the board of Forest City Realty Trust, Depomed, Wausau Paper, and Actel Corporation. Mr. Molinelli has extensive experience in best-in-class corporate governance practices and significantly improving value at underperforming companies.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a19ae7f7-297a-4e7f-a7e1-3f8efd224568", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.014, "w": 0.105, "x": 0.118, "y": 0.112 }, "kind": "title", "text": "Peter A. Feld", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5dad6cfd-1086-410a-b319-32b8b377c618", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.014, "w": 0.135, "x": 0.118, "y": 0.268 }, "kind": "title", "text": "Gavin T. Molinelli", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "94b2da4f-8567-46e0-a3db-9a6a643e487b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.014, "w": 0.132, "x": 0.118, "y": 0.408 }, "kind": "title", "text": "Leslie V. Norwalk", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "99a2c143-682d-4c3e-b129-a9a4cbc8fd58", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.014, "w": 0.116, "x": 0.118, "y": 0.652 }, "kind": "title", "text": "Guy P. Sansone", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9e603b41-7f8f-4ec9-9550-dd432e7ed2b8", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 9, "from": 7, "beatId": "bbeb43af-3eef-4073-9463-d0cdd9d96e42", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The biographies of the nominees suggest a new approach or solution.", "position": 3, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "loops": [ { "to": 9, "from": 1, "name": "Pre Mortem", "slug": "19-pre-mortem", "bestFor": "Project kick-offs, risk management, building trust with skeptical stakeholders", "matchId": "103b4c9e-55c8-4763-88cf-410b95c7601b", "evidence": "The document implies potential negative consequences if the nominees are not supported.", "position": 1, "objective": "What are the potential consequences of not supporting the nominees?", "structure": "The Future Disaster (Hypothetical) -> What Went Wrong -> The Prevention Plan", "confidence": 0.6, "description": "Build trust by anticipating failure modes before they happen and solving them in advance" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }