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  "docSlug": "5fc8a35c21e4",
  "documentTitle": "The Bank of New York Mellon (BK)",
  "authorId": "07_Marcato",
  "authorName": "Marcato Capital Management",
  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-03-01 00:00:00",
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  "pageNumber": 47,
  "pageCount": 153,
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  "slideType": "peer_benchmark",
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  "density": "balanced",
  "nDataPoints": 6,
  "notes": "The chart highlights BNY Mellon in red to emphasize its outlier status.",
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      "kind": "callout",
      "text": "While choices around insourcing vs. outsourcing impact headcount comparisons, BK also spends the greatest % of revenues on professional and outside service fees compared to other custody, asset management and G-SIB peers",
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      "kind": "chart",
      "text": "2014 Professional & Outside Service Fees % of Revenues",
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      "text": "While choices around insourcing vs. outsourcing impact headcount comparisons, BK also spends the greatest % of revenues on professional and outside service fees compared to other custody, asset management and G-SIB peers\nBK's professional, legal and outside services expense has grown by over 10% since 2011",
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      "text": "Source: Company filings",
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      "kind": "title",
      "text": "Disproportionately High Professional Fee & Outside Service Expense",
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