{
  "docId": "019dd923-622b-71dc-a6da-7dbcf853259c",
  "docSlug": "382e24b30fef",
  "documentTitle": "Autodesk, Inc. (ADSK)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2024-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 76,
  "pageCount": 88,
  "prevPage": 75,
  "nextPage": 77,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses a quote-contradiction framework to highlight management hypocrisy.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "quote_block",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6da-7dbcf853259c/76",
  "deckHref": "/decks/019dd923-622b-71dc-a6da-7dbcf853259c",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6da-7dbcf853259c.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6da-7dbcf853259c#slide-76",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "But when it became clear that Autodesk would miss its financial targets, management reversed course – harming the Company, its customers, and its shareholders – to protect and potentially enrich themselves",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-fb8f-761b-afca-708b9c65d534",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.92,
        "x": 0.04,
        "y": 0.61
      },
      "kind": "framework",
      "text": "Management stated the transition to annual billings was better for Autodesk, its customers, and its shareholders…. But when it became clear that Autodesk would miss its financial targets, management reversed course – harming the Company, its customers, and its shareholders – to protect and potentially enrich themselves",
      "attrs": null,
      "subkind": "instance",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c607c246-2220-4c42-82b5-8865bbcc3a7a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.92,
        "x": 0.04,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "After repeatedly espousing the benefits of moving to annual billings, Autodesk reverted to its old practice in an attempt to hit its financial targets.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1a43a6a9-4479-41c9-8d52-befe33693e09",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.92,
        "x": 0.04,
        "y": 0.23
      },
      "kind": "quote",
      "text": "…overall, we're focused on making changes that are both good for our customers and good for Autodesk and shifting more of the billing patterns for our enterprise business agreements to annual billings is one step to help us achieve that goal…",
      "attrs": null,
      "subkind": "pull-quote",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f86f2edb-f087-43c2-98e8-d7bb865fbc24",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "“...overall, we're focused on making changes that are both good for our customers and good for Autodesk and shifting more of the billing patterns for our enterprise business agreements to annual billings is one step to help us achieve that goal... ...it's a change that we think is better for our customers and better for Autodesk and will help us make Autodesk a more valuable company over time.” — Deborah Clifford, Fmr CFO, September 2021",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-fb8f-761b-afca-741375740a13",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.01,
        "y": 0.97
      },
      "kind": "source-note",
      "text": "Source: Company’s earnings transcripts. Note: Quotes bolded and underlined for emphasis.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "adb1ed87-2c1e-4eab-a3fe-c0e21cf4d099",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.92,
        "x": 0.04,
        "y": 0.03
      },
      "kind": "title",
      "text": "Autodesk Took Actions That Were Not in the Company’s or Shareholders’ Best Interests",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "992a6980-6f89-420c-a8d6-ad34f62a5f14",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "6ba90083-dd7e-48fd-8e43-51b1b9b759eb",
      "evidence": "Contrasts a past quote from the CFO with current management actions to expose hypocrisy.",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 80,
      "from": 66,
      "beatId": "59cc96af-5a3e-49ad-bb01-8758e4fb1dfe",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Executive Summary",
      "beatSlug": null,
      "evidence": "The presentation summarizes the key issues and proposed solutions",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 88,
      "from": 4,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "caff0ba1-c341-428c-8bfc-3a5587038a61",
      "evidence": "The presentation highlights the consequences of not taking action to address Autodesk's underperformance",
      "position": 0,
      "objective": "The cost of inaction is significant value destruction",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}