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  "documentTitle": "Box, Inc. (BOX)",
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  "authorName": "Starboard Value",
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  "notes": "Uses a 'before-after' style contradiction between management quotes and financial performance data.",
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      "text": "Why were bonuses based on decelerating growth while management claimed a reacceleration was imminent?",
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      "text": "revenue growth rate: 10.3%",
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      "text": "The Compensation Committee has set bonus targets that reward a deceleration in growth, even as management has repeatedly claimed that a reacceleration was imminent.",
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      "text": "So we are committed to reaccelerating the bookings growth in the coming year, reaccelerate revenue growth in FY '20.",
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      "text": "So we're still very focused on that reacceleration. This is the entirety of our strategy right now...So the focus right now is entirely on that reacceleration to achieve that target of $1 billion in revenue in FY '22.",
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      "kind": "quote",
      "text": "...ultimately, recommitting to the $1 billion in revenue for the full year of FY '22 and reaccelerating revenue growth next year and beyond.",
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      "text": "\"So we are committed to reaccelerating the bookings growth in the coming year, reaccelerate revenue growth in FY '20.\" — CFO Dylan Smith, Q4 FY2018 Earnings Call; \"...ultimately, recommitting to the $1 billion in revenue for the full year of FY '22 and reaccelerating revenue growth next year and beyond.\" — CEO Aaron Levie, Q2 FY2019 Earnings Call; \"So we're still very focused on that reacceleration. This is the entirety of our strategy right now...So the focus right now is entirely on that reacceleration to achieve that target of $1 billion in revenue in FY '22. And so that's where we're putting all of our energy.\" — CEO Aaron Levie, Q4 FY2019 Earnings Call",
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      "text": "We Believe the Compensation Committee Is Creating Incentives That Reward Disappointing Results",
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