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  "documentTitle": "The Bank of New York Mellon (BK)",
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  "notes": "The slide uses a waterfall chart for the 2011-2014 roadmap and a table to compare CAGR metrics across three time periods to highlight the lack of strategic change.",
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      "text": "Despite rhetoric about \"moving faster and with a greater sense of speed and urgency\", new targets imply business as usual",
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      "text": "2011 Through 2014 Roadmap Component impact on Earnings Per Share",
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      "kind": "quote",
      "text": "CFO Todd Gibbons: \"Our core fee business has been growing at about the 3% to 5% range...on the lower end of that, to generate positive operating leverage...is going to be challenging\"",
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      "text": "CEO Gerald Hassell: \"It's part of our goals that if we get a 4%, 5% revenue growth in a range, we should be able to produce positive operating leverage\"",
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      "text": "CEO Gerald Hassell: \"It's part of our goals that if we get a 4%, 5% revenue growth in a range, we should be able to produce positive operating leverage\" — CEO Gerald Hassell. CFO Todd Gibbons: \"Our core fee business has been growing at about the 3% to 5% range...on the lower end of that, to generate positive operating leverage...is going to be challenging\" — CFO Todd Gibbons.",
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      "text": "Source: 11/14/11 Investor Day, 12/11/13 GS Conference, 10/28/14 Investor Day (1) Per Marcato estimates, see slide 62",
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      "text": "\"New\" Strategy – No New Ideas",
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