{
  "docId": "019dd923-622b-71dc-a6db-548937484e86",
  "docSlug": "67e30c6378be",
  "documentTitle": "General Electric (GE)",
  "authorId": "06_Trian_Partners",
  "authorName": "Trian Partners",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-10-05 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 44,
  "pageCount": 81,
  "prevPage": 43,
  "nextPage": 45,
  "slideType": "revenue_buildup",
  "function": "quantify_opportunity",
  "density": "balanced",
  "nDataPoints": 4,
  "notes": "The chart is a waterfall-style buildup of capital return sources.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "callout_box",
    "bar_chart_stacked",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-548937484e86/44",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-548937484e86",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-548937484e86.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-548937484e86#slide-44",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.39
      },
      "kind": "callout",
      "text": "Management is expecting to return approximately 1/3 of the current ~$260bn market cap to shareholders through 2018",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0413fe4c-e387-4a84-8156-48c53034fad4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.9,
        "x": 0.05,
        "y": 0.45
      },
      "kind": "chart",
      "text": "Waterfall chart showing $20B (Synchrony), $35B (GE Capital), $30B (Dividends) summing to $85B (Total)",
      "attrs": null,
      "subkind": "waterfall-bridge",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c3528b14-ae24-4280-94c6-0299409908b7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.85,
        "x": 0.07,
        "y": 0.11
      },
      "kind": "list",
      "text": "Management has committed to maintain its current dividend (~3.6% dividend yield at current prices) and buyback approximately $55 billion of stock. Strong capital return stories can be powerful for shareholders.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "367c70ee-973d-4895-9285-6e859f393d2a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Capital Return: $85bn",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-0935-737e-8dbc-9666484857a9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.6,
        "x": 0.05,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Source: Company SEC filings, press releases, and GE Capital Strategy presentation released April 10, 2015.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a4f65e0e-2160-4d59-9c3c-23217681fdc5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.04
      },
      "kind": "title",
      "text": "GE Has Identified $85 billion of Cash to Return to Investors Through 2018",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8f44487b-45f2-44ee-99e2-52401d5f2ff3",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall / value bridge",
      "slug": "waterfall-bridge",
      "agent": null,
      "layer": "slide",
      "matchId": "974f234d-388c-4d67-a0fe-b5049e5312a8",
      "evidence": "Waterfall chart showing $20B (Synchrony), $35B (GE Capital), $30B (Dividends) summing to $85B (Total)",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "capital-allocation-framework",
      "slug": null,
      "matchId": "81be90c6-bbea-48db-b85e-d94e44307ca2",
      "evidence": "The slide details how GE plans to allocate capital back to shareholders.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [
    {
      "to": 60,
      "from": 41,
      "beatId": "96af430b-fa45-4f2c-86ca-676f03611fc5",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution",
      "beatSlug": null,
      "evidence": "The presentation proposes a solution, highlighting GE's potential for growth and margin improvement",
      "position": 2,
      "confidence": 0.9,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}