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      "text": "We have attempted to work with Box to help from the outside for the past two years",
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      "text": "Over the past two years, we have highlighted numerous opportunities to improve operations: Improving go-to-market strategy, sales execution, and sales force productivity; Improving the overall cost structure; Addressing performance issues in EMEA; Slowing excessive equity issuance.",
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      "text": "During this time, Starboard has had more than 45 meetings and calls with members of Box’s management team and Board.",
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      "text": "Our investment thesis focused on a clear opportunity to drive profitable growth, improve capital allocation, and enhance governance and compensation practices.",
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      "text": "“…Just wanted to say thanks for all the pushing on us over the past year. We have a lot more we need to get done but we have a completely new way of seeing [the] world that is extremely helpful to how we’re executing now. So, thanks.” - CEO Aaron Levie",
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      "text": "Source: Email from Aaron Levie, CEO of Box, to Peter Feld, Managing Member of Starboard.",
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