{
  "docId": "019dd923-622b-71dc-a6da-20e710622d80",
  "docSlug": "0ffe179c4c4e",
  "documentTitle": "Box, Inc. (BOX)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2021-08-06 00:00:00",
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  "pageNumber": 76,
  "pageCount": 184,
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  "slideType": "peer_benchmark",
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  "density": "balanced",
  "nDataPoints": 17,
  "notes": "The chart uses a blue color for Box data points and dark blue for peers, with a median line and a red trend line connecting specific data points.",
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  "components": [
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      "kind": "callout",
      "text": "Box built an oversized cash balance as a result of the unnecessary convertible debt offering",
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      "kind": "chart",
      "text": "Cash as a Percentage of Market Capitalization",
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      "kind": "metric",
      "text": "Cash as a Percentage of Market Capitalization: 15.4%",
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      "kind": "source-note",
      "text": "Source: Company filings, Capital IQ. Note: Market data as of 8/4/21...",
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      "kind": "subtitle",
      "text": "As a result of this unnecessary convertible offering, Box's cash balance significantly increased to levels well above that of its Peer Group.",
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      "kind": "title",
      "text": "Outsized Cash Balance Post-Convertible Offering",
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  "loops": [
    {
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      "from": 72,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
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      "evidence": "The deck highlights the cost of inaction, emphasizing the need for change in Box's capital allocation practices.",
      "position": 0,
      "objective": "Highlight the cost of inaction and the need for change",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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