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  "documentTitle": "The Bank of New York Mellon (BK)",
  "authorId": "07_Marcato",
  "authorName": "Marcato Capital Management",
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  "presentationDate": "2015-03-01 00:00:00",
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  "notes": "Uses red text and dashed boxes to emphasize the missed $3.38 EPS target.",
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      "text": "BK only achieved $2.56 of cash EPS in 2014 (24% below 2009 targets, 5 years later)",
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      "text": "In its 12/4/2006 presentation on the merger with Mellon Financial (Mellon M&A Presentation), BK outlined a path towards $3.38 in cash EPS by 2009\nBK only achieved $2.56 of cash EPS in 2014 (24% below 2009 targets, 5 years later)",
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      "text": "cash EPS: $3.38",
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      "text": "Source: Mellon M&A presentation 12/4/2006",
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      "text": "12/4/06 Mellon M&A Presentation – EPS Targets table showing EPS impact, operating EPS, and accretion/dilution metrics for 2007-2009.",
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      "kind": "title",
      "text": "2007 Mellon Merger Has Failed to Deliver on Promise",
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