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  "documentTitle": "Autodesk, Inc. (ADSK)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "presentationDate": "2024-08-01 00:00:00",
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  "notes": "The slide uses a series of rhetorical questions to challenge the Board's governance.",
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      "kind": "callout",
      "text": "How has the $2.4 billion of acquisition spend benefitted shareholder value creation over the last 5 years?",
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      "text": "Does the Board approve acquisitions based on returns-focused criteria?\nDoes the Board review acquired businesses to assess performance versus projections?\nHow have acquired businesses performed relative to original expectations?\nHow does the Board factor M&A into its compensation practices?\nHow does the Board weigh deploying capital toward acquisitions with other competing uses of capital, such as share repurchases?",
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      "text": "We seriously question whether the Board has properly held management accountable.",
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      "text": "We Believe the Board Should Provide More Rigorous Oversight Over the Company’s M&A Activities",
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      "name": "Cost Of Inaction",
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      "evidence": "The presentation highlights the consequences of not taking action to address Autodesk's underperformance",
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      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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