{
  "docId": "019dd923-622b-71dc-a6da-20e710622d80",
  "docSlug": "0ffe179c4c4e",
  "documentTitle": "Box, Inc. (BOX)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-08-06 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 40,
  "pageCount": 184,
  "prevPage": 39,
  "nextPage": 41,
  "slideType": "villain_critique",
  "function": "expose_gap",
  "density": "dense",
  "nDataPoints": 2,
  "notes": "The slide uses a red dashed circle to highlight the 5% return point.",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "bullet_list",
    "line_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6da-20e710622d80/40",
  "deckHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-20e710622d80#slide-40",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "Box's stock price has increased by a meager 5% in six years, while its Peer Group has gained more than 500% during this same time.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-e6ee-7118-870e-d2a428ba9c0b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.52,
        "w": 0.94,
        "x": 0.03,
        "y": 0.34
      },
      "kind": "chart",
      "text": "Stock Price Performance Since Day 1 as a Publicly Traded Company",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b7e5ebf0-91c2-40bd-b778-fa4c8688dda5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.92,
        "x": 0.04,
        "y": 0.23
      },
      "kind": "list",
      "text": "Box's stock price has increased by a meager 5% in six years, while its Peer Group has gained more than 500% during this same time.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "176e91ed-2cd7-4cd5-a6dd-137c4540466d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "stock price performance: 5%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-e6ee-7118-870e-d4b5cd887592",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.85,
        "x": 0.01,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Source: Company filings, Capital IQ. Note: Returns adjusted for dividends and are from 1/23/2015 to 8/4/2021. Peer Group include all peers listed on page 12 of the Company's FY2021 amended 10-K. Peer Group stock price performance is equal-weighted.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "21019082-5330-4de2-b92b-4367d3ff101d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.85,
        "x": 0.04,
        "y": 0.16
      },
      "kind": "subtitle",
      "text": "Box's stock price today is at approximately the same price where it closed after its first day of trading.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "71b8f6ef-7cb8-4203-9937-83320a6b04f2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.98,
        "x": 0.01,
        "y": 0.89
      },
      "kind": "title",
      "text": "Box's stock price is near where it closed on its first day of trading while its Peer Group has multiplied in value",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1604869b-56bf-4d24-b69d-2debf3f2f801",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.92,
        "x": 0.04,
        "y": 0.03
      },
      "kind": "title",
      "text": "Box Has Created Essentially No Value Since Its First Day of Trading",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "02220cf8-ff99-4b2a-aa7a-b166f63cc545",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "villain_critique",
      "slug": null,
      "matchId": "707fbeff-f263-4236-88aa-44e75331fa2d",
      "evidence": "The slide explicitly contrasts the company's poor performance against a peer group to frame management as failing to create value.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}