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  "docSlug": "c6a949b90946",
  "documentTitle": "Sotheby's (BID)",
  "authorId": "07_Marcato",
  "authorName": "Marcato Capital Management",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2014-04-22 00:00:00",
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  "notes": "The slide uses a yellow highlight to delineate the 'Post-Activist Involvement' period, contrasting it with the preceding 3 years.",
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      "kind": "callout",
      "text": "(31%) vs. S&P 500",
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      "kind": "chart",
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      "kind": "list",
      "text": "Timeline of activist filings and company announcements",
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      "text": "stock performance: -31%",
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      "kind": "title",
      "text": "BID Shares Underperformed Prior To Activist Involvement",
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      "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta",
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