{
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  "docSlug": "948af214aaf1",
  "documentTitle": "Salesforce, Inc. (CRM)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-10-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 6,
  "pageCount": 14,
  "prevPage": 5,
  "nextPage": 7,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "overcrowded",
  "nDataPoints": 16,
  "notes": "The chart uses a stacked bar approach to show the components of the Rule of 50 metric.",
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  "slideHref": "/slides/019dd923-622b-71dc-a6da-6d120904659d/6",
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  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-6d120904659d#slide-6",
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      "kind": "callout",
      "text": "Salesforce is moving up the leaderboard",
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      "kind": "callout",
      "text": "CRM has improved on the Rule of 50 since the 2022 Active-Passive Investor Summit",
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      "kind": "chart",
      "text": "Revenue Growth + Adj. Operating Margin vs. Peers (CY2025E)",
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      "kind": "metric",
      "text": "Rule of 50: 53.5%",
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      "toolName": "Quantification",
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      "kind": "source-note",
      "text": "Source: Company filings, Bloomberg, Capital IQ, Visible Alpha. Note: Rule of 50 score reflects CY2025E revenue growth + CY2025E adjusted operating margin.",
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      "kind": "title",
      "text": "We believe Salesforce can be best-in-class among its Peer Group and operate at or above the Rule of 50.",
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      "text": "Salesforce Has Made Progress Improving Growth and Profitability",
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      "arcName": "Rags to Riches",
      "arcSlug": "rags-to-riches",
      "beatName": "The Breakthrough",
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      "name": "Before After",
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      "evidence": "The before-and-after comparison highlights the significant improvement in Salesforce's operating margins.",
      "position": 0,
      "objective": "to show the transformation of Salesforce",
      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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      "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison"
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