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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": "The slide uses a table to highlight the discrepancy between segment guidance and the resulting 'Other' segment performance.",
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      "text": "Guidance implies ~$250mm of incremental excess expenses will be allocated into the \"Other\" segment",
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      "text": "Guidance implies ~$250mm of incremental excess expenses will be allocated into the \"Other\" segment\n\"Other\" has historically been a bucket for excess expenses\nWhose bonus is tied to \"Other\" expenses?",
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      "text": "Other PTI growth: $250mm",
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      "text": "Source: 10/28/14 Investor Day, Bloomberg consensus estimates, Marcato estimates, Management guidance\n(1) See page 62 for implied PTI at 8% EPS CAGR",
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      "kind": "title",
      "text": "Questionable Expense Allocation To Meet Segment Targets",
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