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  "documentTitle": "The Bank of New York Mellon (BK)",
  "authorId": "07_Marcato",
  "authorName": "Marcato Capital Management",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-03-01 00:00:00",
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  "notes": "The table calculates pro-forma (PF) cash net income and EPS by adjusting for OpEx savings, restructuring costs, and share repurchases.",
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      "text": "Source: Company filings, Marcato estimates. (1) Assumes full opex savings run-rate by 2016. (2) Shares repurchased at a -13%, 45% and 75% premium to the current share price in 2015, 2016 and 2017.",
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      "text": "Total Value Creation Per Share: $17.14",
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