{
  "docId": "019dd923-622b-71dc-a6da-573fccb2b451",
  "docSlug": "c35bfd8d19c8",
  "documentTitle": "Autodesk, Inc. (ADSK)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-08-06 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 55,
  "pageCount": 88,
  "prevPage": 54,
  "nextPage": 56,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 14,
  "notes": "Uses a dual-chart layout to contrast historical performance periods.",
  "elementsJson": [
    "headline_text",
    "subtitle_text",
    "bar_chart_grouped",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6da-573fccb2b451/55",
  "deckHref": "/decks/019dd923-622b-71dc-a6da-573fccb2b451",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6da-573fccb2b451.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-573fccb2b451#slide-55",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.43,
        "x": 0.52,
        "y": 0.75
      },
      "kind": "callout",
      "text": "Are the budgets wrong or are the compensation plans wrong?",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0823c8cd-620d-403f-853a-4ce6b58a40ef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.9,
        "x": 0.05,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Historical bonus payouts vs performance",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "88b9d0d6-0d44-4db3-a063-d4e10e9530b2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "incentive payout percentage: 99%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-2b63-72e1-b607-4f92f66831bc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "Despite shareholder returns meaningfully declining, the Board continued to reward management with large and growing incentive bonuses.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "caa1872b-ba9b-4af5-b373-a30e6514672b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.05,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Source: Public company filings, Bloomberg. (1) Calculated as Actual Number of PSUs Earned divided by Target Number of PSUs earned over the trailing 3-year lookback period. (2) Represents TSR from 01/31/17 to 01/31/20. (3) Represents TSR from 06/19/17 to 01/31/20. (4) Represents TSR from 01/31/20 to 01/31/24. Performance is relative to S&P North American Technology Software Index.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "01bf056a-7183-4415-b922-a753a19f706a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "title",
      "text": "The Board has failed to hold management accountable",
      "attrs": null,
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b0199380-52bb-404c-ab50-3fed19908cd3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.9,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "...However, As Shareholder Returns Deteriorated, the Board Continued to Pay Executives Full Bonuses",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d7c91842-8c46-4457-a14f-0a1ae7f7c4d1",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "06ec91af-c13e-44fc-aedb-2a4bd20a101a",
      "evidence": "Contrasting executive pay with shareholder returns to expose governance failure.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}