{
  "docId": "019dd923-622b-71dc-a6db-bdca37d75b59",
  "docSlug": "5fc8a35c21e4",
  "documentTitle": "The Bank of New York Mellon (BK)",
  "authorId": "07_Marcato",
  "authorName": "Marcato Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2941177,
  "pageNumber": 107,
  "pageCount": 153,
  "prevPage": 106,
  "nextPage": 108,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses a combination of quote-based contradiction and a table of failed regulatory proposals.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "data_table"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6db-bdca37d75b59/107",
  "deckHref": "/decks/019dd923-622b-71dc-a6db-bdca37d75b59",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6db-bdca37d75b59.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6db-bdca37d75b59#slide-107",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "BNY Mellon needs to hire key leaders and talent to develop a leadership position with regulatory groups in priority geographies",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0933-75bb-9c01-7344f5cd6ba0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.18
      },
      "kind": "list",
      "text": "BNY Mellon needs to hire key leaders and talent to develop a leadership position with regulatory groups in priority geographies. Sophisticated regulatory outreach requires more than just subject matter experts but also relationship managers. Demonstrate safety, soundness and vision that comforts key regulatory constituents.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9b01af25-821f-49c4-8c14-8bbfc750b47d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "In terms of the leverage ratio, I really haven't been overly focused on it at this point. I don't think it will be the constraining ratio for us...I don't think it's going to change business behavior at this point as I look at it — Todd Gibbons (4/19/11). We now know most of what the rules are and so far it's been the supplemental leverage ratio that is turning out to be our binding constraint — Todd Gibbons (10/28/14).",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd953-0933-75bb-9c01-740974e5f64f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.4,
        "x": 0.26,
        "y": 0.9
      },
      "kind": "source-note",
      "text": "Source: Company transcripts, 1/31/14 Liquidity Coverage Ratio Memo, 6/13/14 Regulatory Capital Rules Memo",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e5ec0af3-1278-49de-8672-66519ba94f55",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.9,
        "x": 0.05,
        "y": 0.34
      },
      "kind": "table",
      "text": "Mixed Track Record of Anticipating Key Regulatory Trends (Quotes) vs Mixed Track Record of Influencing Regulatory Changes (Table of proposals and outcomes)",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1a7a5e61-eecc-43fd-8c5e-e531c99a8b27",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.05,
        "y": 0.11
      },
      "kind": "title",
      "text": "6. Update Regulatory Sophistication and Outreach Strategy",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "38c9106a-cbac-4f9c-8e24-b9d227c96982",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "CEO quote contradiction",
      "slug": "ceo-quote-contradiction",
      "agent": null,
      "layer": "slide",
      "matchId": "fcb8f3da-c4d7-44dd-8e83-33e4435febb8",
      "evidence": "quote: \"In terms of the leverage ratio, I really haven't been overly focused on it at this point. I don't think it will be the constraining ratio for us...I don't think it's going to change business behavior at this point\"",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "ceo-quote-contradiction",
      "slug": null,
      "matchId": "8a9ec869-ed50-45b4-a347-2c7c5070eff3",
      "evidence": "Contrasting 2011 and 2014 quotes from Todd Gibbons regarding leverage ratios.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}