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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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      "text": "BNY Mellon's current model emphasizes labor over technology and automation",
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      "text": "BNY Mellon's current model emphasizes labor over technology and automation. However, investing in automation is a long-term competitive necessity for BNY Mellon to mitigate risk and improve client services. More investments in automation to reduce manual process may be useful but should take place only after legacy IT systems are re-architected.",
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      "text": "2. Raise I.T. Effectiveness To Top Company Priority (cont'd)",
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